Morning Edition · Wednesday, September 30, 2026Published at 2:00 AM EDT · New York
Brazil's CSD BR, which oversees records for about $4 trillion in assets, keeps its own database as the legal record and writes a parallel copy to a public chain.

CSD BR, the regulated Brazilian post-trade operator whose records cover roughly $4 trillion in assets, has begun mirroring ownership of selected investment funds on the XRP Ledger, CoinDesk reported. The first records come from funds manage…
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Over 3-6 months, exchanges and banks accelerate moving real equities on-chain — tokenized stocks with on-chain dividends and composable trading — turning the contest over open vs. closed tokenization venues into a concrete product race.
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