The post Ripple to Apply for VASP License in Brazil to Support Digital Assets appeared on BitcoinEthereumNews.com.

Ripple has announced a major expansion of its operations in Brazil, offering a comprehensive financial stack designed for institutional clients. The new platform integrates custody, prime brokerage, stablecoin settlements, and treasury management solutions, aimed at serving Brazil’s fast-growing financial market.  The firm’s broader strategy includes applying for a Virtual Asset Service Provider (VASP) license with the Central Bank of Brazil, aligning with the country’s new regulatory framework for virtual assets. With its new capabilities, Ripple now provides a unified solution for cross-border payments, digital asset custody, and treasury management, offering Brazilian institutions the tools needed to compete in the modern financial landscape. Ripple Payments and Custody Solutions Ripple’s platform provides several products tailored to the needs of institutional customers. Ripple Payments enables same-day, cross-border payments in both fiat currencies and stablecoins. This service has already gained traction in Brazil, with major financial institutions such as Banco Genial, Braza Bank, and Nomad using Ripple’s network for improved liquidity and faster transaction processing. By utilizing Ripple Payments, these institutions are solving real-world payments challenges, particularly in cross-border settlements. Ripple Custody is another important component of the company’s expansion into Brazil. It offers secure storage solutions for digital assets, supported by bank-grade security and real-time compliance controls. Ripple Custody is designed for regulated institutions, helping them manage and store digital assets securely while complying with global regulations. This product also supports institutional staking and integrates with tools like Chainalysis and Elliptic for enhanced transaction screening. One notable example of Ripple Custody in action is CRX, a Ripple partner leveraging the XRP Ledger and Ripple Custody to issue and manage tokenized assets. Additionally, Justoken, which has already tokenized over $1.7 billion in assets on the XRP Ledger, will use Ripple Custody to build institutional-grade infrastructure for real-world asset tokenization in Latin America. RLUSD Stablecoin…

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Filed under: News - @ March 18, 2026 5:24 am