Ripple Expands in Brazil with New Payments Solutions and License Push

Highlights:

• Ripple has expanded its services in Brazil as it pushes to empower financial firms with all they need to compete in the modern financial system.
• The payment company said it now supports diverse financial services, including asset storage, trading support, and treasury operations.
• Ripple also announced plans to introduce custody services, which allow financial firms to store digital assets safely under strict regulatory compliance. 

San Francisco-based cross-border payments company Ripple has expanded its services in Brazil. The move is part of a concentrated effort to increase the adoption of digital assets among banks and fintech firms in the South American country. Ripple announced the strategic move in a lengthy press release on March 17, stating that it now supports a wide range of financial services for institutions. These services include cross-border payments, asset storage, trading support, and treasury operations.

Ripple announced:

“Powered by new capabilities and accelerating customer adoption, Ripple is now the only solution capable of serving institutions across the full spectrum of financial needs, from cross-border payments and digital asset custody to prime brokerage and treasury management.”

The cross-border firm also disclosed plans to apply for a Virtual Asset Service Provider (VASP) license with the Central Bank of Brazil. Ripple’s approach highlights a strong commitment to local regulatory compliance. It is also aimed at building the foundation for long-term operations and collaboration in Brazil.

Reacting to the move, Ripple’s President, Monica Long, said Latin America has emerged as a key area of interest for the company. According to the President, Brazil has developed one of the strongest financial systems globally. Consequently, Ripple has invested resources and capital into building tools and securing approvals needed to serve regulated markets in the country.

Long added:

“Now, with our expanded platform, we can provide institutions across the region with everything needed to compete in the modern financial system.” 

Ripple is going all-in on Brazil 🇧🇷: https://t.co/6nyoBmE0wq

💸 Ripple Payments: $100B+ processed, 60+ markets, live with Banco Genial, Braza Bank, Nomad, Azify & more
🔐 Ripple Custody: Recently launched in Brazil with CRX
💰 Ripple Treasury: Decades of corporate treasury…

— Ripple (@Ripple) March 17, 2026

Ripple to Introduce Custody Services for Institutions as RLUSD Adoption Expands in Brazil

Ripple is also planning to introduce its custody services in Brazil. The payment firm said this allows banks and other firms to safely store digital assets under strict compliance rules. The custody system includes real-time checks on transactions and works with major security providers. Notably, two companies are already working with the custody setup. CXR is using Ripple’s tools to issue tokenized assets. So far, $100 million in assets have been settled on-chain. 

Additionally, Justoken, which has tokenised over $1.7 billion in assets, plans to use the custody service to support projects connected to natural resources in Latin America. Meanwhile, Ripple’s RLUSD is attracting significant attention in the region as a digital dollar option for companies. The stablecoin has already exceeded $1.5 billion in market value. It is also backed by the New York Department of Financial Services and the Office of the Comptroller of the Currency in the United States.

In Brazil, several companies, including Mercado Bitcoin, Foxbit, and Ripio, along with banks and financial firms like Braza Bank and Banco Genial, have already listed the stablecoin as part of efforts to integrate a regulated digital dollar option for more users in the region.

Financial Companies Benefitting from Ripple’s Payment System

Ripple reported that its payment system has processed over $100 billion in global transactions, with operations spanning more than 60 markets. The company added that its payment system helps financial firms move money across borders quickly, with clearer tracking and settlement in both traditional money and stablecoins.

🇧🇷RIPPLE SHARES PROGRESS UPDATE WITH ONGOING DEVELOPMENT IN BRAZIL@Ripple's progress in Brazil has been nothing but expansive. The protocol is deploying its complete suite across payments, custody, treasury, and stablecoins.

Here are some of the notable milestones in its… pic.twitter.com/O7fKugyDI0

— BSCN (@BSCNews) March 17, 2026

In Brazil, several companies are already benefiting from the company’s payment system. For instance, Banco Genial uses it for same-day US dollar transfers. It has also added Ripple’s RLUSD stablecoin to its crypto services. 

Braza Bank, a Brazil-based financial institution, is using Ripple for US dollar payments and has also issued its own real-backed digital currency on the XRP Ledger. Nomad, another financial company that serves millions of users, also uses Ripple to manage money flows between Brazil and the United States. Other firms that have benefited significantly from Ripple’s payment system include Azify, ATTRUS, and Frente Corretora.