Ripple has strengthened its footprint in Brazil by rolling out key services in the local market, including cross border payments and digital asset custody. This expansion follows recent developments in Australia, the United States, and Canada.
In an announcement made on March 17, the company said it now offers a comprehensive solution in the region that supports institutions across a wide range of financial needs. These include payments, custody, prime brokerage, and treasury management.
As part of its strategy, Ripple has also applied for a Virtual Asset Service Provider license with Brazil’s central bank. This step aligns with the country’s newly introduced crypto regulatory framework and reflects the company’s long standing focus on compliance in global markets.
Company President Monica Long emphasized the importance of Latin America, noting that Brazil has developed one of the most advanced and forward looking financial ecosystems globally. She added that Ripple’s years of building trust, securing licenses, and developing technology now position it to support institutions across the region with modern financial solutions.
Brazilian Institutions Adopt Ripple Services
Ripple stated that its custody offering will deliver high level security, real time compliance monitoring, and flexible deployment options for regulated institutions in Brazil. Firms such as CRX and Justoken are already making use of these services.
At the same time, Ripple Payments, which has processed more than 100 billion dollars globally, is being used by institutions including Banco Genial, Braza Bank, Nomad, Azify, ATTRUS, and Frente Corretora.
The company also noted that its enterprise stablecoin RLUSD is gaining strong adoption across Latin America, as institutions seek reliable and regulated digital dollar solutions. The stablecoin’s market value has surpassed 1.5 billion dollars in less than 18 months since launch.
In Brazil, RLUSD has been adopted by major exchanges and fintech platforms such as Mercado Bitcoin, Foxbit, Ripio, along with Braza Bank and Banco Genial.
This expansion in Brazil builds on Ripple’s broader global push, following its move to secure regulatory approval in Australia and its growing presence in North American markets.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
