Brazilian firm VERT pioneers $130 million agribusiness tokenization on XRP Ledger

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.”

The post Brazilian firm VERT pioneers $130 million agribusiness tokenization on XRP Ledger appeared first on CryptoSlate.

Le contenu de cette page est fourni par des tiers. Sauf indication contraire, OKX n’est pas l’auteur du ou des articles cités et ne revendique aucun droit d’auteur sur le contenu. Le contenu est fourni à titre d’information uniquement et ne représente pas les opinions d’OKX. Il ne s’agit pas d’une approbation de quelque nature que ce soit et ne doit pas être considéré comme un conseil en investissement ou une sollicitation d’achat ou de vente d’actifs numériques. Dans la mesure où l’IA générative est utilisée pour fournir des résumés ou d’autres informations, ce contenu généré par IA peut être inexact ou incohérent. Veuillez lire l’article associé pour obtenir davantage de détails et d’informations. OKX n’est pas responsable du contenu hébergé sur des sites tiers. La détention d’actifs numériques, y compris les stablecoins et les NFT, implique un niveau de risque élevé et leur valeur peut considérablement fluctuer. Examinez soigneusement votre situation financière pour déterminer si le trading ou la détention d’actifs numériques vous convient.