Brazilian securitization company VERT has introduced a blockchain-based platform built on the XRP Ledger (XRPL) and its EVM-compatible sidechain. The platform debuted with its first tokenized credit instrument — a BRL 700 million (around $130 million) Agribusiness Receivables Certificate (CRA).

Brazil is rocketing into the future of finance as institutional tokenization explodes, with VERT Capital’s latest on-chain credit milestone on the XRP Ledger signaling that regulated digital assets are going mainstream across Latin America’s largest economy. Brazil’s Blockchain Finance Push

VERT Capital has enhanced Brazil's digital finance by using blockchain technology to convert public pension payments into digital tokens on the secure XRP Ledger system.

The financial world is abuzz with news from Brazil, where a truly groundbreaking initiative is set to redefine how we perceive and interact with assets. Brazilian asset manager VERT Capital is embarking

On July 24, the price of XRP experienced a big dump of 12.22%, falling to $3.04, catching long positions investors off guard. This price drop occurred after VERT's issuance of $130 million in debt instruments on the XRP Ledger, and the market failed to react as expected. As market sentiment was hit, investors began to question: Is there still a possibility for XRP to break through $6?

XRP Ledger agriculture funding has reached a breakthrough, actually, as Brazilian firm VERT launched a $130 million Agricultural Credit Certificate on the blockchain platform. This tokenized asset adoption brings real-time financial tracking to Brazil’s agricultural sector, which contributes

The Brazilian fund management company VERT successfully issued agricultural debt certificates (CRA) worth $130 million through its tokenized private credit platform on the XRP Ledger. This issuance marks a further expansion of the XRP Ledger in the field of tokenization of real-world assets (RWA), particularly playing an important role in financing in the agricultural sector.

VERT launched a blockchain platform on the XRP Ledger to streamline private credit transactions, starting with a BRL 700 million Agribusiness Receivables Certificate. This initiative boosts RWA tokenization, enhancing transparency and efficiency in Brazil's agricultural finance sector.