Ripple expands crypto and payments services in Brazil and prepares for licensing
Ripple is stepping up its presence in Brazil by expanding its range of digital asset services. The company is preparing to apply for a Virtual Asset Service Provider (VASP) license with the country’s central bank.
As announced on March 17, Ripple is rolling out an integrated platform for banks and fintech companies that combines cross-border payments, crypto custody, brokerage services and liquidity management tools. This approach enables clients to transact, store assets and manage finances within a single system.
Expansion of services and partnerships
Ripple is already working with several Brazilian financial institutions. Banco Genial uses its solutions for fast U.S. dollar transfers, while Braza Bank leverages the system for foreign exchange operations and has issued a real-backed stablecoin. Fintech firms such as Nomad use Ripple’s infrastructure for cross-border transfers between Brazil and the United States.The company is also promoting custody solutions for institutional clients, enabling secure storage of digital assets and their use in trading and tokenization. Ripple’s partners are already using these tools to issue tokenized assets, including real-world assets.
Brazil as a key crypto market
Ripple’s expansion in Brazil comes amid the development of the country’s crypto regulatory framework. Brazil is considered one of the most progressive fintech markets in Latin America and is gradually introducing rules for digital assets through the central bank and other regulators.For Ripple, this is a strategic market as the company continues to expand its global infrastructure following major acquisitions and the launch of its RLUSD stablecoin, which received a top rating from Bluechip among stablecoins.
In total, more than $100 billion in transactions have been processed through Ripple’s payments network. Experts note that the combination of regulatory clarity and strong demand for financial innovation makes Brazil one of the key hubs for crypto services development in the region.
Earlier, it was reported that Ripple is expanding the role of XRP with plans focused on lending and institutional DeFi.
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