TLDR
- Ripple Payments has processed over $100B across more than 60 global markets
- RLUSD exceeds $1.5B market cap and expands across major Brazilian platforms
- Ripple plans a VASP license application with Brazil’s central bank
- New partnerships include Banco Genial, Braza Bank, Nomad, and Azify
Ripple has expanded its operations in Brazil with a broader payments offering, new partnerships, and a planned VASP license application. The move reflects rising institutional use of digital assets in one of Latin America’s largest financial markets.
Ripple Expands Payments Network Across Brazil
Ripple has widened its payments network in Brazil as adoption grows among financial institutions. The company now supports cross-border transfers with faster settlement and improved transparency. Its system handles both fiat and stablecoin transactions across global markets.
Banco Genial uses Ripple for same-day USD payouts, and it plans to include RLUSD in crypto flows. Braza Bank has adopted Ripple Payments and issued a BRL-pegged stablecoin on the XRP Ledger. Nomad also uses Ripple to manage treasury flows between Brazil and the United States.
Other firms have joined the network to improve efficiency in currency exchange and settlement. Azify converts stablecoins into multiple currencies, while Attrus integrates RLUSD into its settlement system. Frente Corretora has also unified its cross-border operations on Ripple’s platform.
Ripple stated that its payments solution has processed more than $100 billion globally. It also operates in over 60 markets, which supports growing demand for faster cross-border transactions.
Custody and Stablecoin Adoption Gain Momentum
Ripple has introduced its custody services in Brazil to support institutional clients. The platform offers secure storage and compliance tools for digital assets. It integrates monitoring systems from Chainalysis and Elliptic for transaction screening.
CRX is using Ripple Custody to manage tokenized assets, with nearly $100 million settled on-chain. Justoken also plans to use the service for tokenizing natural resource assets in Latin America. The company has already tokenized over $1.7 billion in assets on the XRP Ledger.
Ripple’s stablecoin, RLUSD, is also expanding across Brazil. The asset has surpassed a $1.5 billion market cap and is listed on exchanges such as Mercado Bitcoin, Foxbit, and Ripio. Financial institutions including Braza Bank and Banco Genial also support the stablecoin.
RLUSD operates under regulatory oversight from the New York Department of Financial Services and the Office of the Comptroller of the Currency. This structure supports its use by institutions seeking compliance-focused digital dollar solutions.
License Application and Full Financial Stack Strategy
Ripple plans to apply for a Virtual Asset Service Provider license with the Central Bank of Brazil. This step aligns with the country’s new regulatory framework for digital assets. It also reflects Ripple’s focus on operating within regulated markets.
Monica Long, President of Ripple, said Brazil has a strong financial system and remains a priority market. She stated that Ripple has built trust and infrastructure over more than a decade to support regulated operations.
The company is also offering a broader set of services in Brazil. Ripple Prime provides access to trading, clearing, and financing services across asset classes. The platform processes more than $3 trillion in annual clearing volume.
Ripple Treasury supports corporate liquidity and risk management. It allows firms to manage payments and capital flows in real time. These services combine to form a unified platform for institutional finance.
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