XRP-associated Ripple seeking VASP license in Brazil
Ripple is expanding its crypto and payment services in Brazil and plans to apply for a Virtual Asset Service Provider license.Summary
Ripple, the blockchain company focused on payments and linked to the XRP Ledger, is significantly expanding its digital asset services in Brazil. The company is rolling out bundled offerings that include cross-border payments, digital asset custody, brokerage, and treasury tools, targeting banks and fintechs. Crucially, Ripple plans to apply for a Virtual Asset Service Provider (VASP) license from the Central Bank of Brazil (BCB) to operate under the country's new crypto framework. Brazil is considered a priority market due to its advanced financial ecosystem, and several local firms already utilize Ripple's network for services like USD transfers and stablecoin issuance. Ripple is also promoting its custody product for institutional tokenization, with partners using it for real-world asset issuance.
(Source：CoinDesk)