---
title: "Ripple expands its digital asset business in Brazil and plans to apply for a VASP license."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279440247.md"
description: "Ripple is expanding its digital asset services in Brazil and plans to apply for a Virtual Asset Service Provider (VASP) license from the Central Bank of Brazil. Several Brazilian institutions are already connected to the Ripple network, including Banco Genial, which processes same-day USD transfers, and Braza Bank, which has issued a Real-backed stablecoin. Additionally, fintech company Nomad uses Ripple for fund transfers between Brazil and the U.S. Partners like CRX and Justoken are also issuing tokenized assets using Ripple's custody products."
datetime: "2026-03-17T13:13:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279440247.md)
  - [en](https://longbridge.com/en/news/279440247.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279440247.md)
---

# Ripple expands its digital asset business in Brazil and plans to apply for a VASP license.

Ripple has announced the expansion of its digital asset services in Brazil and plans to apply for a Virtual Asset Service Provider (VASP) license from the Central Bank of Brazil to be incorporated into the country's cryptocurrency regulatory framework. Currently, several Brazilian institutions have connected to the Ripple network. Banco Genial processes same-day USD transfers through the network; Braza Bank uses it for foreign exchange settlements and has issued a Real-backed stablecoin on XRP Ledger; and fintech company Nomad uses the network to settle fund transfers between Brazil and the United States in stablecoin form. Furthermore, partners such as CRX and Justoken are issuing tokenized assets using Ripple's custody products, covering real-world assets such as commodities. (CoinDesk)

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