VERT, a Brazilian fund management and securitization firm, has launched a blockchain-based platform on the XRP Ledger (XRPL) to modernize the issue and management of agribusiness credit.
According to a July 23 statement, the platform’s first significant transaction involves the tokenization of a BRL 700 million (~$130 million) Agribusiness Receivables Certificate (CRA), marking a substantial shift in how Brazil’s agricultural financing is structured.
CRAs are vital financial instruments in Brazil. They bundle expected future payments, such as loan repayments and trade receivables, into securities for investors. These assets are widely used to fund agricultural production and exports, contributing over 20% to Brazil’s GDP.
By issuing CRAs on-chain, VERT is introducing greater transparency, traceability, and efficiency into one of the country’s most important economic pillars.
Gabriel Braga, Director of Digital Assets at VERT, said:
“It is a concrete step towards the evolution of tokenization as a structural pillar of the modern capital market. Tokenization also addresses the demand for greater transparency of operations, coming mainly from foreign investors.”
VERT plans to expand the platform to handle over $500 million in additional structured credit operations. The firm will also support new asset classes, aligning with Brazil’s evolving regulatory framework and market infrastructure.
XRPL’s growing role in asset tokenization
This launch further cements XRPL’s growing presence in the asset tokenization space.
Tokenization involves turning traditional financial instruments like securities and bonds into digital assets on a blockchain. The tokenized asset market is expected to surpass $600 billion by year-end, driven by demand for faster, cheaper, and more secure settlement systems.
XRPL has become a popular infrastructure choice in Latin America due to its low costs, speed, and regulatory adaptability. Platforms like Mercado Bitcoin are already building on it.
Silvio Pegado, Ripple’s LATAM Managing Director, noted the significance of these moves, saying:
“[This is] how blockchain technology, through the XRP Ledger, can serve as reliable infrastructure for modernizing financial markets that are foundational to national growth.”
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