VERT, a Brazilian securitization and fund manager, announced on Wednesday the launch of a blockchain-based platform for private credit transactions on the XRP Ledger and its Ethereum-compatible sidechain, aiming to enhance the presence of tokenized real-world assets in the ecosystem.
The platform’s inaugural transaction involved the issuance of a BRL 700 million (approximately $130 million) Agribusiness Receivables Certificate (CRA), a regulated financial instrument designed to support agricultural production, as per a press release.
The CRA consolidates future cash flows from agribusiness loan repayments into securities for investors. With agriculture contributing over 20% to Brazil’s GDP, the sector serves as a critical testing ground for digital financial innovations.
This issuance highlights the growing trend of real-world asset (RWA) tokenization, utilizing blockchain technology to facilitate transactions involving traditional financial instruments like bonds, credit, and funds. This process aims to provide quicker and more efficient settlements, as well as broader access for investors compared to conventional banking avenues, particularly in emerging markets with less developed capital structures.
The XRP Ledger’s role as a hub for tokenized RWAs is increasing, with Dubai opting for the network to implement its ambitious plan for real estate tokenization, aiming to put $16 billion in property deeds on-chain by 2033.
By documenting the asset’s issuance and lifecycle events directly on-chain, VERT claims its system enhances transparency and traceability for structured credit operations. The platform aligns with Brazil’s regulated financial framework and incorporates off-chain redundancy to adhere to compliance standards.
“This represents a substantial step toward the evolution of tokenization as a fundamental element of the modern capital market,” said Gabriel Braga, digital assets director at VERT. “Tokenization also fulfills the demand for increased operational transparency, particularly from international investors.”
Ripple, a significant contributor to the XRP Ledger, also played a role in this project.
“Agribusiness is vital to Brazil’s economy, and enhancing the structuring and tracking of credit in this sector marks a significant improvement,” stated Silvio Pegado, Ripple’s managing director for Latin America.
“This milestone showcases how blockchain technology, through the XRP Ledger, can provide a reliable infrastructure for modernizing financial markets essential for national growth.”
VERT plans to extend the platform’s capabilities to include additional asset classes and structured credit transactions exceeding $500 million in the future.
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