XRP News Today: Brazil's VERT Tokenizes $130M Agribusiness Receivables on XRP Ledger Credit Platform

Brazilian fintech VERT has launched a blockchain-based credit platform on the XRP Ledger, tokenizing a $130 million agribusiness receivables certificate (CRA) to streamline credit operations in the agricultural sector. The platform digitizes Brazil’s R$700 million ($130 million) CRA, a financial instrument representing expected payments from farming businesses, by recording each credit event on-chain for real-time visibility and control [1]. This initiative marks a significant step in leveraging blockchain to modernize Brazil’s $200 billion private credit market, which has long faced inefficiencies in settlement times and operational transparency.

The XRP Ledger’s integration enables fast, low-cost transactions and regulatory adaptability, with smart contracts automating metadata tracking, reporting, and execution. By bridging on-chain and off-chain infrastructure, VERT ensures compliance while reducing manual errors and delays. Gabriel Braga, VERT’s Director of Digital Assets, emphasized the platform’s ability to “record operation events in the most granular way possible, ensuring traceability and transparency approaching real time” [1]. This approach addresses growing investor demands for transparency in credit assets, particularly as Brazil’s regulatory environment evolves to accommodate tokenized structures.

The CRA tokenization aligns with agribusiness’s critical role in Brazil’s economy, contributing over 20% to GDP. Tokenized assets simplify credit operations by minimizing processing time and enhancing risk management. VERT’s system also incorporates internal and regulated backups to secure asset movement and prevent manipulation. Ripple’s LATAM Managing Director, Silvio Pegado, noted the initiative as a “meaningful step toward better credit management,” highlighting blockchain’s potential to modernize financial markets foundational to national growth [1].

The platform’s use of the XRP Ledger—combined with an EVM-compatible sidechain—supports smart contract functionality while maintaining the ledger’s energy-efficient consensus mechanism. This integration reduces operational costs compared to traditional systems, making it viable for large-scale securitization projects. Ripple’s endorsement of the initiative underscores confidence in the XRP Ledger’s capacity to support institutional-grade infrastructure.

VERT plans to expand the platform to handle over $500 million in future structured finance operations, building on its existing framework of over 350 credit transactions. The firm aims to tokenize additional asset classes, further solidifying Brazil’s position as a hub for tokenized finance. The XRP Ledger’s adoption in high-value, regulated applications—such as agribusiness credit—demonstrates its potential to bridge traditional and decentralized finance.

This move could catalyze broader blockchain adoption in Brazil’s financial sector, though scalability and regulatory alignment remain critical challenges. Analysts may view VERT’s initiative as a model for similar projects, provided the platform demonstrates long-term cost efficiency and security. By tokenizing CRAs, VERT not only enhances transparency but also positions Brazil’s agribusiness sector to compete in a rapidly evolving global financial landscape.

Source: [1] [title: XRP News: Brazil’s VERT Launches $130M Tokenized Credit Platform on XRP Ledger] [url: https://cryptonews.com/news/xrp-news-brazils-vert-launches-130m-tokenized-credit-platform-on-xrp-ledger/].