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.

Innholdet på denne siden er levert av tredjeparter. Med mindre annet er oppgitt, er ikke OKX forfatteren av de siterte artikkelen(e) og krever ingen opphavsrett til materialet. Innholdet er kun gitt for informasjonsformål og representerer ikke synspunktene til OKX. Det er ikke ment å være en anbefaling av noe slag og bør ikke betraktes som investeringsråd eller en oppfordring om å kjøpe eller selge digitale aktiva. I den grad generativ AI brukes til å gi sammendrag eller annen informasjon, kan slikt AI-generert innhold være unøyaktig eller inkonsekvent. Vennligst les den koblede artikkelen for mer detaljer og informasjon. OKX er ikke ansvarlig for innhold som er vert på tredjeparts nettsteder. Beholdning av digitale aktiva, inkludert stablecoins og NFT-er, innebærer en høy grad av risiko og kan svinge mye. Du bør nøye vurdere om handel eller innehav av digitale aktiva passer for deg i lys av din økonomiske tilstand.