Brazil’s VERT Tokenizes $130M Debt Instrument on XRP Ledger

Highlights

VERT has issued a $130 million Agribusiness Receivables Certificate on its platform on the XRP Ledger.
The firm's tokenized platform is for managing private credit operations.
This comes amid rising activity on the network.
The platform is also tokenized on the XRPL's EVM sidechain.

Brazil Fund manager VERT has issued a $130 million Receivables Certificate on the XRP Ledger (XRPL) following the launch of its tokenized private credit platform. This marks a significant development for the network, as these debt instruments finance the agricultural sector, which contributes more than 20% of Brazil’s GDP.

VERT’s $130 Million Debt Instrument Goes Live On The XRP Ledger

In a press release, VERT announced that its tokenized private credit platform’s first live transaction is the issuance of an Agribusiness Receivables Certificate (CRA) worth $130 million. This followed the launch of its tokenized platform for managing private credit operations.

This comes just as the XRP Ledger is already witnessing a 2,260% Surge in Tokenized RWAs, thanks to demand from institutions. The fund manager noted that it has developed this platform on the XRP Ledger to digitally mirror securitization and fund operations, with on-chain records of key events and transactions.

VERT further stated that the goal is to help make “Brazil’s capital markets more efficient, transparent, and accessible through a secure digital infrastructure.” As the firm explained, the CRA is a regulated debt instrument that bundles future cash flows owed by agribusinesses such as loan repayments or trade receivables into investment products. These assets are common in Brazil as they finance the agricultural sector.

The launch of this debt instrument on the XRP Ledger coincides with the same month that Brazilian exchange Mercado Bitcoin announced plans to tokenize up to $200 million of real-world assets on the network. These assets will include fixed-income and equity-income instruments.

Plans To Tokenize Up Over $500 Million Debt Instruments

VERT announced that it also plans to expand its tokenized platform to a growing pipeline of additional structured credit operations, which represent over $500 million in value. The fund manager noted that this system will help support new asset classes and adapt to Brazil’s evolving regulatory and market infrastructure.

It is also worth mentioning that the tokenized private credit platform will also be integrated into the XRP Ledger EVM Sidechain. This will further expand the firm’s operations and give it more reach.

Commenting on the launch of this platform on these networks, Gabriel Braga, Director of Digital Assets at VERT, said,

We are enabling operation events to be recorded in the most granular way possible, ensuring traceability and transparency with event records increasingly closer to the moment they occur, approaching real time.

Braga further noted that this move is a concrete step towards the evolution of tokenization as a structural pillar of the modern capital market. He added that tokenization of the private credit operation on the XRP Ledger also addresses the demand for greater transparency, especially from foreign investors.

These investors will be able to verify these operations through the issuer wallet address (rsj2H…..cMYXi). Meanwhile, it is also worth noting that this will further boost XRPL’s adoption, as network activity is currently on the rise.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.

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