In a significant development for Latin America’s financial sector, Brazilian asset manager VERT has launched a tokenized credit platform on the XRP Ledger, marking a milestone for blockchain adoption in structured finance. The platform’s debut features a $130 million issuance tied to agribusiness, setting the stage for future on-chain financial innovation.
$130 Million Agribusiness Credit Issued Using Blockchain
VERT’s first transaction on the platform involved a BRL 700 million (approx. $130M) issuance of Agribusiness Receivables Certificates (CRAs)—regulated financial instruments that pool future loan repayments from Brazil’s farming sector. These structured products are critical to a country where agriculture makes up over 20% of GDP.
The move brings real-world credit instruments directly onto a blockchain network.
XRP Ledger Positioned as a Hub for Real-World Asset (RWA) Tokenization
By building on the XRP Ledger and its Ethereum-compatible sidechain, VERT is leveraging blockchain rails to handle the entire lifecycle of credit assets, from issuance to settlement. The platform enables transparent, traceable, and efficient transactions, addressing long-standing inefficiencies in Brazil’s traditional credit markets.
The integration with regulated financial systems allows for off-chain redundancy while maintaining full compliance.
Ripple’s Strategic Role in the Launch
Ripple supported the platform’s development, reinforcing its commitment to positioning the XRP Ledger as a backbone for tokenized financial markets. The ledger is already being utilized for similar initiatives, including a $16 billion real estate tokenization plan in Dubai.
Silvio Pegado, regional head at Ripple, stated that modernizing Brazil’s credit infrastructure is not just a technological achievement—it’s an economic catalyst.
A Gateway for Global Investors in Emerging Markets
The platform is designed to attract foreign investors by increasing operational transparency and offering easier access to local credit products through blockchain.
VERT plans to tokenize over $500 million in additional structured credit assets, including new asset classes in future phases.
Conclusion
Brazil’s VERT is not just digitizing credit—it is redefining how capital flows through emerging markets. By embracing blockchain as a financial foundation, the country is positioning itself at the forefront of global RWA tokenization.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.