Ripple UDAX Partners with Levery and FGV on Brazil Institutional Liquidity

Levery, an infrastructure provider for digital asset exchanges, has partnered with Ripple UDAX and Fundação Getulio Vargas (FGV) to expand institutional on-chain liquidity across Brazil and Latin America, according to the announcement. The collaboration focuses on building regulated, blockchain-powered financial infrastructure for traditional banks in the region.

Ripple UDAX Program and Partnership Structure

Ripple UDAX (University Digital Asset Xcelerator) is an initiative born from Ripple’s partnership with the University of California, Berkeley under the University Blockchain Research Initiative (UBRI). The program connects academic research with practical blockchain deployment, fast-tracking institutional adoption of distributed ledger technology and expanding real-world use cases across the XRP Ledger (XRPL) ecosystem.

Through the partnership, Levery supplies the core infrastructure that enables banks to run compliant, AMM-powered trading environments. This allows financial institutions to launch and manage digital asset exchanges with built-in regulatory alignment and full operational transparency. The model is designed for institutional use, prioritizing scalability, auditability, and seamless cross-border interoperability.

Technical Infrastructure and Liquidity Provisioning

The system is built around deep liquidity provisioning on the XRP Ledger, enabling real-time settlement across Ripple USD, local stablecoins, and tokenized real-world assets. This setup reduces friction in wholesale markets while improving capital efficiency for banks and fintechs across Latin America.

On the compliance side, the infrastructure integrates Chainalysis for real-time transaction monitoring, KYT screening, and AML enforcement, ensuring all activity meets evolving regulatory standards and supporting institutional-grade adoption in emerging digital asset markets.

Brazil as a Regional Hub for Institutional Blockchain Adoption

Brazil is increasingly positioning itself as a hub for digital asset innovation, with the rollout of an institutional-grade automated market maker built for regulated environments marking a step toward mainstream blockchain-based finance in the region. This development aligns with Ripple’s broader expansion strategy, including its planned application for a Virtual Asset Service Provider (VASP) license in Brazil, which would strengthen its presence across custody, payments infrastructure, stablecoin settlement, and treasury services through Ripple.

The partnership reflects a convergence between traditional finance and decentralized liquidity systems, with Brazil emerging as a key proving ground for institutional blockchain adoption across Latin America.