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Ripple expands Brazil payments with new institutional services and plans to apply for VASP license.

Market News
12 Sep 2026
Coincu
View Source
Bullish
Ripple expands Brazil payments with new institutional services and plans to apply for VASP license.

Ripple announced an expansion of its institutional digital-asset services in Brazil, including cross-border payments, custody, stablecoins, and treasury management, serving clients like Banco Genial and Nomad. The company also plans to apply for a Virtual Asset Service Provider (VASP) license with Brazil's central bank, signaling intent but not yet securing regulatory approval. This move positions Ripple to deepen its presence in Latin America's largest economy, though the licensing outcome and full rollout details remain uncertain. Investors should watch for official filings or approvals from Brazilian regulators to assess the impact on Ripple's operations there.

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