Ripple Expands in Brazil, Seeks Crypto License Approval

Ripple is expanding its digital asset services in Brazil while preparing to apply for a crypto license with the country’s central bank.

Key Takeaways

• Ripple is launching a full suite of services in Brazil, including payments, custody, brokerage, and treasury tools.
• The company plans to apply for a Virtual Asset Service Provider license with the Central Bank of Brazil.
• Several Brazilian banks and fintech firms already use Ripple’s network for cross-border payments and stablecoin settlements.
• The move highlights Brazil’s growing role as a major crypto and fintech hub in Latin America.

What Happened?

Ripple announced a major expansion of its services in Brazil, introducing a unified platform for financial institutions. At the same time, the company confirmed plans to seek regulatory approval under Brazil’s evolving crypto framework.

Ripple Expands Services in Brazil

Blockchain company Ripple is deepening its presence in Brazil by rolling out an expanded platform designed for banks and fintech firms. The new offering combines cross-border payments, digital asset custody, brokerage services, and treasury management tools into a single system.

The platform aims to simplify how institutions move money internationally, manage liquidity, and handle crypto assets within one integrated infrastructure.

Plans for Crypto License in Brazil

Ripple also confirmed that it plans to apply for a Virtual Asset Service Provider license with the Central Bank of Brazil. This move would bring the company under the country’s new crypto regulatory framework.

The company has been engaging with Brazilian regulators for several years. It first began discussions with the central bank in 2020 and later launched its payments service in the country through local exchange Mercado Bitcoin in 2024.

Ripple President Monica Long said:

Growing Adoption Among Brazilian Institutions

Ripple’s network is already being used by several financial institutions in Brazil for real-world payment and liquidity needs.

• Banco Genial processes same-day US dollar transactions through Ripple’s platform.
• Braza Bank uses the system for foreign exchange flows and has issued a real backed stablecoin on the XRP Ledger.
• Fintech Nomad enables cross-border transfers between Brazil and the US using stablecoin settlements.

In addition, partners such as CRX and Justoken are using Ripple’s custody infrastructure to issue tokenized real world assets, including commodities.

Expansion Backed by Acquisitions and Growth

Ripple’s push into Brazil comes as the company continues to expand globally through acquisitions and product development.

Recent moves include:

• The 1.25 billion dollar acquisition of prime brokerage Hidden Road.
• The 1 billion dollar purchase of treasury platform GTreasury.

The company also issues RLUSD, a US dollar backed stablecoin with a market value of about 1.5 billion dollars. Across its payments ecosystem, Ripple has processed more than 100 billion dollars in transactions.

A recent share buyback program valued the company at around 50 billion dollars, signaling strong investor confidence as it scales its global operations.

CoinLaw’s Takeaway

In my experience, this move shows how serious Ripple is about building real world financial infrastructure, not just crypto products. Brazil is clearly becoming one of the most important markets for crypto adoption, and Ripple is positioning itself right at the center of it. I found that combining payments, custody, and liquidity tools into one system could give Ripple a strong edge over competitors who still offer fragmented services. If regulatory approval comes through, this could accelerate institutional crypto adoption across Latin America in a big way.

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