The announcement says the partnership aims to provide institutional on-chain liquidity (blockchain-based asset trading depth) to banks in Brazil and across Latin America.
Levery said it has partnered with Ripple, UDAX and FGV to bring institutional on-chain liquidity (blockchain-based asset trading depth) to Brazilian and Latin American banks. Based on the statement provided, the initiative is focused on expanding access to blockchain-based liquidity infrastructure for financial institutions in the region. Such partnerships typically seek to connect traditional banks with digital asset rails and settlement tools, helping institutions access tokenized or crypto-linked markets more efficiently, but the announcement does not include operational details, timelines or financial terms.