{"id":18395,"date":"2026-03-17T20:51:30","date_gmt":"2026-03-17T20:51:30","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/03\/17\/ripple-expands-brazil-push-as-it-seeks-virtual-asset-license-from-central-bank\/"},"modified":"2026-03-17T20:51:30","modified_gmt":"2026-03-17T20:51:30","slug":"ripple-expands-brazil-push-as-it-seeks-virtual-asset-license-from-central-bank","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/03\/17\/ripple-expands-brazil-push-as-it-seeks-virtual-asset-license-from-central-bank\/","title":{"rendered":"Ripple expands Brazil push as it seeks virtual asset license from central bank"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/crypto.news\/app\/uploads\/2024\/01\/crypto-news-XRP-Ripple-option02.webp\" \/><\/p>\n<div>\n<div id=\"cn-block-summary-block_beba2dee2540bfd2c50c93dae0560370\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ripple plans to apply for a Virtual Asset Service Provider license from the Central Bank of Brazil, pulling its operations under Brazil\u2019s new crypto framework instead of operating as a grey \u201ctechnology vendor.\u201d<\/li>\n<li>Banks and fintechs including Banco Genial, Braza Bank and Nomad already use Ripple infrastructure for same\u2011day dollar transfers, real\u2011backed stablecoins and cross\u2011border fund flows, while partners like CRX and Justoken issue tokenized commodities and other RWAs via Ripple custody tools.<\/li>\n<li>For Ripple and XRP watchers, Brazil combines deep remittance corridors, a sophisticated banking sector and pragmatic tokenization rules, making it a key test case for whether XRP\u2011ledger rails can matter beyond litigation headlines and secondary\u2011market hype.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Ripple (<a href=\"https:\/\/crypto.news\/price\/xrp\/\">XRP<\/a>) is stepping up its Latin American strategy, moving to formalize its presence in Brazil\u2019s regulated crypto market while quietly deepening real-world payment and tokenization rails in the country. The company said it plans to apply for a Virtual Asset Service Provider (VASP) license from the Central Bank of Brazil, a move that would pull its local operations directly under the country\u2019s evolving crypto framework.<a href=\"https:\/\/www.chaincatcher.com\/en\/news\" target=\"_blank\" rel=\"nofollow\"\/>\u200b<\/p>\n<p>The push comes as several Brazilian financial institutions are already plugged into Ripple\u2019s infrastructure for cross\u2011border flows and on\u2011chain settlement. Investment bank Banco Genial uses Ripple\u2019s network to process same\u2011day dollar transfers, effectively turning the ledger into back\u2011end plumbing for faster FX and remittance rails. Braza Bank has gone a step further, issuing a real\u2011backed stablecoin on the XRP Ledger, using Ripple\u2019s tech stack to tokenize local fiat and streamline domestic and cross\u2011border settlements.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Fintech firm Nomad is also using Ripple\u2019s network for stablecoin\u2011based fund flows between Brazil and the U.S., positioning XRP\u2011ledger rails as an alternative to traditional correspondent banking in a corridor notorious for fees and friction. At the same time, partners including CRX and Justoken are issuing tokenized assets through Ripple\u2019s custody products, covering commodities and other real\u2011world assets that local investors already understand and regulators can more easily slot into existing frameworks.<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.chaincatcher.com\/en\/news\"\/>\u200b<\/p>\n<p>If granted, a VASP license would effectively turn Ripple from a quasi\u2011grey \u201ctechnology vendor\u201d into a supervised participant in Brazil\u2019s digital asset regime. That matters for institutions that want crypto\u2011adjacent yield, remittance efficiency, or tokenization upside but remain unwilling to touch unlicensed infrastructure. For Ripple, Brazil <a href=\"https:\/\/crypto.news\/how-latin-america-became-an-important-player-in-the-crypto-landscape\/\">offers<\/a> the right mix: large remittance corridors, a sophisticated banking sector, and regulators that are tough but pragmatic on stablecoins and tokenized assets.<a href=\"https:\/\/www.chaincatcher.com\/en\/news\" target=\"_blank\" rel=\"nofollow\"\/>\u200b<\/p>\n<p>For <a href=\"https:\/\/crypto.news\/ripples-odl-solution-adopted-by-major-brazilian-bank-for-cross-border-payments\/\">XRP<\/a> and broader market watchers, the Brazil pivot is another sign that Ripple\u2019s post\u2011U.S.\u2011litigation strategy leans heavily on jurisdictions where payment use cases, not speculative trading, are the headline. If Ripple can secure a VASP license and scale real\u2011world flows through banks like Genial and Braza, <a href=\"https:\/\/crypto.news\/ripple-taps-currency-exchange-provider-unicambio-to-bring-cross-border-payments-to-portugal\/\">Brazil <\/a>could become one of the key test beds for whether XRP\u2011ledger infrastructure can matter beyond courtrooms and secondary\u2011market narratives.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/ripple-expands-brazil-push-as-it-seeks-virtual-asset-license-from-central-bank\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary Ripple plans to apply for a Virtual Asset Service Provider license from the Central Bank of Brazil, pulling its operations under Brazil\u2019s new crypto framework instead of operating as a grey \u201ctechnology vendor.\u201d Banks and fintechs including Banco Genial, Braza Bank and Nomad already use Ripple infrastructure for same\u2011day dollar transfers, real\u2011backed stablecoins and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-18395","post","type-post","status-publish","format-standard","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/18395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=18395"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/18395\/revisions"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=18395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=18395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=18395"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=18395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}