First spot in Brazil $XRP The ETF was featured in a recent report by the Rio Times.
This report highlights the country’s evolving cryptocurrency landscape as it rolls out one of the most comprehensive digital asset regulatory frameworks in Latin America.
$XRP A prominent community figure, Rathof Kahneman (WoK), drew attention to this mention in a post on X. He noted that the Brazil spot was important. $XRP ETFs were featured in this publication’s in-depth analysis of the country’s new cryptocurrency regulations.
Important points
First spot in Brazil $XRP We featured ETFs: Rio Times We are in the middle of a new cryptographic reform.
central bank of brazil It now requires licenses, capital reserves, audits and segregation of funds.
hash dex XRPH11 released B3First spot in Latin America $XRP ETF.
Brazil has $318.8 billion in virtual currency inflows and is on the rise $XRP Ledger and stablecoin adoption.
Regulatory change in Brazil enters a new era
According to a February 3 report, Brazil has officially entered the structured phase of cryptocurrency supervision under the guidance of the Brazilian Central Bank. The new rules require companies offering virtual currency services in Brazil to obtain formal approval from the central bank.
Currently, companies are classified as follows:
- Intermediary (connecting buyers and sellers)
- Custodian (holds crypto assets for customers)
- Broker (trading on behalf of customer)
Notably, capital requirements range from approximately $2 million for a basic operation to $6.9 million for a full-service provider, significantly higher than many global equivalents. Companies must also segregate customer funds, maintain independent audits, and meet reserve certification standards. This measure was influenced by the 2022 FTX bankruptcy.
Brazil’s huge crypto footprint
The report emphasizes that Brazil is not a minor player in the digital asset field. The country was ranked 5th in the world on the Chainarise Global Crypto Adoption Index in 2025, up from 10th in 2024.
Between July 2024 and June 2025, Brazil received $318.8 billion in crypto value, accounting for almost one-third of Latin America’s total crypto activity. The year-on-year growth rate reached 109.9%, and an estimated 18-19% of Brazilians own cryptocurrencies.
Cryptocurrency ETFs on Brazil’s main stock exchanges mobilized approximately $10 billion in 2024 alone, reflecting increased participation by institutional and retail investors.
First spot in Latin America $XRP ETF
The report also notes that Brazil became the first Latin American country to approve a spot. $XRP ETF in early 2025.
Asset management firm Hashdex launched the product at B3 under the ticker XRPH11. Fund Tracking $XRPPerformance using Nasdaq $XRP Reference price indexes provide regulated exposure to XRPL native assets.
The approval of the ETF was an important milestone in that it positioned Brazil ahead of the larger market in spot offerings. $XRP investment vehicle. The product joins HashDex’s growing suite of crypto ETFs already trading on B3, including funds related to Bitcoin, Ethereum and Solana.
$XRP Expanding presence in Brazil
Expansion is also seen in Brazil. $XRP Leisure activities beyond ETFs. In 2025, Braza Bank processed over $1 billion in stablecoin payments. $XRP Ledger for one day in April, according to previous disclosures.
The bank is issuing stablecoins backed by BRL and USD on XRPL, demonstrating the growing use of blockchain rails by domestic institutions.
A structured regulatory framework is in place and institutional products such as spot are now available. $XRP ETFs are already being traded, and Brazil is seeking to create a formal bridge between traditional finance and blockchain infrastructure.
