Ripple, the issuer of the XRP token, announced on Tuesday that it is expanding its service offerings in Brazil calling Latin America a priority market for the company. This service offering expansion, Ripple said, will centre around providing crypto payment solutions for Brazil-based institutional investors.
Over the last year, Ripple had been establishing a presence in Brazil, that hosts an estimated population of over 213 million. Data by Triple-A claims that over 7.8 percent of Brazil’s total population — making for 16 million individuals — hold cryptocurrencies as of March 2026.
For the U.S.-based crypto giant, tapping into Brazil’s traditional financial ecosystem has remained priority. The company had been roping-in partners to integrate digital assets with the traditional, fiat-driven economy. Last September, for instance, Ripple said it would be hosting the USDB stablecoin by Brazil’s Braza Bank on the XRP Ledger.
“Leading fintechs and financial institutions across Brazil are utilizing Ripple to solve real-world liquidity and payments challenges,” the company admitted, highlighting its ongoing work with Brazilian banks and fintech firms like Banco Genial, Nomad, Azify, and Frente Corretora among others.
Ripple Custody is now reaching Brazil, as per the announcement, to ensure enterprise-grade clients that their crypto holdings could be saved securely on the platform.
“It (Ripple Custody) supports an extensive range of HSM providers, integrates Chainalysis and Elliptic for real-time transaction screening, and enables institutional staking across leading Proof-of-Stake networks all within a single, cohesive workflow,” the platform claimed.
Additionally, Ripple said it is deploying a wider roll out its own RLUSD stablecoin to allow institutional investors process cross-border transactions using the regulated token.
Ripple Prime and Ripple Treasury are also being debuted in Brazil on the heels of opening up the company’s complete suite for brokerage, clearing, financing, and treasury management solutions for Brazilian enterprises.
“Latin America has always been a priority market for Ripple — not just because of the scale of the opportunity, but because Brazil has built one of the most advanced and forward-thinking financial ecosystems in the world,” said Monica Long, President at Ripple, commenting on the development.
In the next leg of its expansion in Brazil, Ripple said it is preparing to apply for a Virtual Asset Service Provider (VASP) license with the Central Bank of Brazil (BCB) to comply with the country’s legal mandates for crypto players.