- Brazil sees faster cross-border payments as banks adopt digital tools and USD-backed stablecoins.
- RLUSD stablecoin gains traction, while custody and treasury services expand for Latin American firms.
- Expansion into Brazil reflects a broader strategy, highlighting compliance-focused growth in digital finance.
Ripple is deepening its presence in Brazil with a move for digital finance in Latin America. The company plans to expand its payments, custody, and treasury services to help local institutions manage cross-border transactions more efficiently.
According to the announcement, the company is seeking a Virtual Asset Service Provider (VASP) license from Brazil’s central bank. The move follows the country’s new digital asset regulations and underscores the firm’s continued focus on operating within regulated financial markets.
“Latin America has always been a priority market for Ripple — not just because of the scale of the opportunity, but because Brazil has built one of the most advanced and forward-thinking financial ecosystems in the world,” said Monica Long, President at Ripple.
Brazil Sees Growth in Digital Finance Tools
Ripple Payments facilitates over $100 billion in global payments and supports over 60 markets worldwide. This enables fast and transparent payments in fiat and stablecoins.
In Brazil, banks such as Banco Genial, Braza Bank, Nomad, and Azify are using the platform for same-day USD disbursements, foreign exchange, and treasury operations. The USD-backed stablecoin RLUSD is gaining traction among exchanges and fintechs, with a market capitalization of over $1.5 billion.
Custody services are also seeing wider adoption, providing bank-grade security, real-time compliance, staking, and integration with top HSM providers. Firms like CRX and Justoken are using these services to issue and manage tokenized assets, reflecting growing institutional interest across Latin America.
At the same time, new tools in prime brokerage, clearing, financing, and liquidity management are giving CFOs the ability to optimize idle capital and manage cross-border transactions around the clock, while reducing operational complexity.
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Implications for the Region
RLUSD is also gaining recognition as a regulated stablecoin with backing from both the NYDFS and the OCC. This allows for transactions to be carried out reliably while maintaining a high level of compliance.
The expansion into Brazil reflects a broader strategy, similar to recent moves in Australia, where a pending AFSL license could allow digital payment services to reach local financial institutions.
Ripple also reported a $50 billion valuation after buying out employees and shareholders, drawing both optimism and scrutiny across the crypto industry. Experts said the company’s $50 billion valuation shows a strong operational capacity, although competition from other stablecoins remains significant.
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