Ripple looks to expand crypto and payment services in Brazil

The blockchain firm is adding custody, payments and brokerage tools for digital asset management and tokenization as it plans to apply for regulatory approval from the central bank. What to know : Ripple said it is expanding digital asset services in Brazil and plans to apply for a Virtual Asset Service Provider license with the country’s central bank. The company is rolling out an integrated platform for banks and fintechs that combines cross-border payments, crypto custody, brokerage and treasury tools. Ripple’s Brazil push comes amid rapid expansion through billion-dollar acquisitions and launching a U.S.dollar stablecoin Ripple USD (RLUSD).