BTG Funds Are Moving On-Chain, but the Blockchain Is Not Replacing the Official Record

A Brazilian financial market infrastructure responsible for more than R$22 trillion in registered assets is putting investment fund records on a public blockchain. But it is not moving its official records there.CSD BR has partnered with Ripple to mirror selected BTG Pactual fund shares on the XRP Ledger, giving authorized market participants an additional way to verify ownership records in near real time.The existing CSD BR infrastructure, however, remains the authoritative system for registrat