Key Highlights
- Ripple has launched its comprehensive suite—payments, custody, prime brokerage, and treasury—for institutional clients across Brazil.
- The firm is also officially applying for a Virtual Asset Service Provider (VASP) license with the Central Bank of Brazil (BCB).
- This comes amid Ripple’s native dollar-pegged stablecoin, RLUSD, officially surpassing a $1.55 billion market capitalization.
Ripple is strategically positioning itself as the primary infrastructure layer for digital finance in Latin America. The U.S.-based blockchain company announced it is now offering a unified suite of services to Brazilian banks and fintechs, covering cross-border payments, secure digital asset custody, treasury management, and stablecoin liquidity.
“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, Ripple’s President.
Ripple’s expansion comes as the company plans to apply for a Virtual Asset Service Provider (VASP) license from Brazil’s Central Bank. This step shows Ripple’s focus on following regulations and gives banks and fintechs more confidence to use blockchain tools.
It also underscores Ripple’s interest in the growing financial market in Brazil, where the company’s stablecoin, RLUSD, is being utilized by big players in the country, including Mercado Bitcoin, Foxbit, and Ripio.
Powering cross-border payments and stablecoins
Ripple Payments now moves over $100 billion worldwide and operates in more than 60 markets. In Brazil, big players like Banco Genial and Braza Bank use it to speed up U.S. dollar transfers and manage BRL-pegged stablecoins. Nomad, which serves three million users, relies on Ripple to make treasury flows between Brazil and the U.S. smoother.
Meanwhile, fintech Azify uses the platform to swap various stablecoins into local currencies. As a result, Ripple’s RLUSD stablecoin is gaining traction across Latin America, reaching a market cap of over $1.5 billion.
Ripple Custody has also arrived in Brazil, giving institutions tools for real-time compliance checks, staking, and secure asset storage. Partners such as CRX and Justoken use it to issue tokenized assets at scale.
On top of that, Ripple Prime and Ripple Treasury provide access to FX, derivatives, and global repo markets, while helping companies make better use of idle cash. Together, these services allow CFOs and treasurers to handle cross-border payments any time of day, making operations faster and more efficient.
Strategic global moves
At the same time, Ripple recently said it is moving into Australia by acquiring BC Payments, which gives it an Australian Financial Services License. This step lets banks and fintechs offer blockchain-based payments under full regulatory oversight.
Ripple also kicked off a $750 million share buyback, putting the company’s value at about $50 billion. Earlier, investors like Citadel Securities backed Ripple at a $40 billion valuation. As of writing, according to CoinMarketCap data, XRP was trading at $1.51 with more than $5.2 billion in daily trading volume.
Also Read: PayPal Opens PYUSD Stablecoin to 70 Countries in Major Global Push
