Ripple Targets Brazil VASP License as RLUSD Adoption Accelerates in Latin America

Ripple is seeking to deepen its presence in Brazil by expanding services and targeting a VASP license. The company introduced payments, custody, and treasury tools for institutions across the country. The move comes as RLUSD adoption grows across Latin America, with institutions increasing stablecoin usage for settlement and liquidity.

Ripple Expands Services and Seeks Brazil License

As per the company’s release, Ripple is now rolling out a full suite of enterprise services across Brazil’s financial sector. These include cross-border payments, digital asset custody, and treasury management tools for institutions. The expansion also introduces prime brokerage capabilities, extending its infrastructure beyond payments.

Meanwhile, Ripple plans to apply for a Virtual Asset Service Provider (VASP) license with the Central Bank of Brazil. This step aligns with Brazil’s new regulatory framework for digital assets. It also follows Ripple’s compliance-focused strategy across global markets over the past decade.

President at Ripple, Monica Long said, 

She added, 

Payments Network and Institutional Adoption

Ripple Payments continues to support cross-border transactions across more than 60 markets. The platform has processed over $100 billion in volume globally. It enables faster settlement in both fiat currencies and stablecoins.

In Brazil, several institutions are already using Ripple’s network for payments and liquidity management. Banco Genial uses the system for same-day U.S. dollar disbursements. It is also expanding to include RLUSD in its crypto payment flows.

Braza Bank has integrated Ripple Payments for U.S. dollar transfers and issued its BBRL stablecoin on the XRP Ledger. As CoinGape reported today, XRPL reached 7.7M users for the first time after 13 years of operation. Meanwhile, Nomad uses Ripple to manage treasury flows between Brazil and the United States. It also enables settlement using RLUSD.

Azify supports currency exchange into USD, EUR, CNY, and SGD using Ripple infrastructure. ATTRUS uses the platform for cross-border payments and over-the-counter crypto settlement. Frente Corretora consolidates FX operations while supporting USD and EUR payouts through both fiat and USDT.

RLUSD Adoption Rise and Custody Expansion

Ripple Custody is also expanding into Brazil, offering secure infrastructure for digital asset storage. The system includes real-time compliance controls and integration with Chainalysis and Elliptic. It also supports institutional staking across multiple proof-of-stake networks.

CRX uses Ripple Custody alongside the XRP Ledger to issue tokenized assets, with nearly $100 million settled on-chain. Justoken, which has tokenized over $1.7 billion in assets, will also adopt the custody solution. The firm plans to scale tokenization of natural resources across Latin America.

Meanwhile, RLUSD continues to expand across the region. The stablecoin has surpassed a $1.5 billion market cap. It operates under oversight from the New York Department of Financial Services and the Office of the Comptroller of the Currency.

In Brazil, RLUSD is listed on platforms including Mercado Bitcoin, Foxbit, Ripio, and others. Banco Genial, Braza Bank, and Attrus also support the stablecoin. This adoption links directly with Ripple’s payments and treasury systems, enabling institutional use cases across the region.