$XRP RUMOR CHECK
The Brazil news is real, and of course people are already turning it into $4 trillion moving onto XRPL. That isn’t what happened.
CSD BR is using XRPL to mirror selected BTG Pactual fund shares as Multi Purpose Tokens. CSD BR has more than BRL 22 trillion, about $4 trillion, in registered assets. That $4 trillion is the size of CSD BR’s business. It isn’t $4 trillion sitting on XRPL.
CSD BR still keeps the official records for registration, custody and settlement. What we have right now is selected fund shares being mirrored onto XRPL so there’s a public record alongside their existing system.
I actually like this development. We have a regulated securities depository in Brazil using XRPL with real fund shares. Why turn that into something it isn’t? The actual story is already good.
The $7 billion RWA headline is getting stretched too. Almost all of that Sept. 22 number came from repeated transfers involving one tokenized product. Moving the same asset around can create a huge transfer number. It doesn’t mean $7 billion of new real world assets came onto XRPL, and it definitely doesn’t mean $7 billion in
$XRP payments happened.
I’m still seeing Sept. 29 posted as the Batch activation date too. That date is dead. The clock reset. BatchV1_1 and fixBatchV1_2 have validator majorities, but they aren’t enabled. If support holds, we’re looking at around Oct. 9 now. Validator majority starts the clock. It doesn’t turn the amendment on.
The Fed story is bullshit. There’s no announcement from the Fed, Treasury or White House saying
$XRP was given some green light as an alternative to the dollar. Same with SWIFT. A SWIFT commercial doesn’t become an
$XRP integration because somebody puts
$XRP over the video.
Evernorth is one I’ll actually be watching tomorrow. Armada shareholders are scheduled to vote Sept. 30 on the merger. Evernorth has disclosed about 473 million
$XRP, and if the deal closes and the Nasdaq requirements are met, the expected ticker is XRPN. That would be a company holding a shitload of
$XRP trading on Nasdaq. It would not be
$XRP itself getting listed on Nasdaq.