Ripple and Cardano Push Into Brazil's Financial and Energy Sectors

Ripple and Cardano have both secured significant partnerships in Brazil, embedding blockchain technology further into the country's regulated financial and energy sectors.

These agreements underscore the rising institutional interest in Latin America's largest economy, even though both cryptocurrencies saw only minimal price movements.

What Is Ripple’s New Deal With CSD BR?

CSD BR, the operator of Brazil's financial market infrastructure, has started testing XRP Ledger as a supplementary record-keeping system for investment funds.

The pilot program combines XRPL's Multi-Purpose Token standard with Ripple's custody infrastructure. Fund shares from BTG Pactual are now being mirrored on the blockchain, while CSD BR's conventional systems continue to handle the official registration and settlement.

A licensed central securities depository is recording securities ownership on a public blockchain for the first time — on the XRP Ledger. 🇧🇷

CSD BR is partnering with Ripple to bring Brazil's regulated capital markets onchain, starting with BTG Pactual fund shares, secured by…

— Ripple (@Ripple) September 30, 2026

Access is restricted to corporate and banking clients who meet rigorous identity verification standards. Silvio Pegado, Ripple's Latin America director, called the launch a significant achievement for the industry.

CSD BR oversees more than $4 trillion in assets under registration and is considering native asset issuance as a next step. The firm might also branch into fixed-income products once the pilot phase is over.

How Is Cardano Expanding Into Brazil’s Energy Sector?

Separately, the Cardano Foundation revealed two blockchain applications developed with Petrobras, Brazil's state-controlled energy company.

• The first application tracks sustainable aviation fuel using a Book-and-Claim model. Airlines, businesses, or individual passengers can then claim certified credits, no matter where the fuel was produced.
• The second application traces renewable diesel through production, transportation, and usage. It tackles complex Scope 3 emissions reporting, which companies often find difficult to consolidate.

Today, we announce two new initiatives with @Petrobras.

As part of an ongoing R&D collaboration with Petrobras and PUC-Rio, the teams have delivered two blockchain applications focused on sustainable aviation fuel and Diesel R, Petrobras' brand of renewable fuel.

The work adds…

— Cardano Foundation (@Cardano_CF) September 30, 2026

Rafael Fraga, Cardano Foundation's Latin America lead, stood by the partnership's wider mission. He stated that the energy transition "will depend as much on trust as it does on new fuels." Brazil's oil and gas market could reach $28.82 billion by 2031, highlighting the significance of the agreement.

ADA price trades around $0.2549, having risen a slight 0.9% over the last day despite the news. The token remains over 91% below its record high from 2021.

Together, these partnerships point to Brazil emerging as a testing ground for practical blockchain applications.