In a major push toward modernizing traditional finance, Brazilian securitization firm VERT has launched a blockchain-based private credit platform on the XRP Ledger (XRPL), debuting with a 700 million BRL (~$130 million) issuance of Agribusiness Receivables Certificates (CRAs).
Tokenized Credit Instruments Go On-Chain
The CRAs — financial instruments that bundle future receivables from Brazil’s vast agricultural sector — are now being recorded on-chain using the XRPL and its Ethereum-compatible EVM sidechain. This blockchain-powered solution enables real-time tracking of cash flows, loan events, and payments, bringing unprecedented transparency to Brazil’s $200 billion private credit market.
“We are enabling operation events to be recorded in the most granular way possible,” said Gabriel Braga, Director of Digital Assets at VERT, emphasizing traceability and transparency.
XRPL + EVM: Efficiency Meets Compatibility
The platform leverages XRPL’s low-cost, high-speed consensus combined with Ethereum Virtual Machine (EVM) compatibility, allowing for smart contract automation, metadata management, and auditability — features that have become key demands among institutional investors.
VERT’s solution also supports off-chain redundancy, ensuring compliance with Brazil’s strict financial regulations while bridging traditional infrastructure with blockchain technology.
Strategic Win for Ripple’s RWA Vision
This move aligns with Ripple’s growing focus on real-world asset (RWA) tokenization. By deploying credit products on XRPL, Ripple is reinforcing its commitment to enterprise-grade blockchain solutions across global markets.
Foreign investors are increasingly seeking greater operational visibility, especially in emerging markets like Brazil. XRPL’s technical strengths — fast finality, low transaction fees, and energy efficiency — make it an ideal foundation for institutional-grade DeFi infrastructure.
Why It Matters
Brazil’s agricultural economy is one of the largest in the world, and CRAs are vital to financing its growth. Tokenizing these instruments introduces efficiencies, reduces fraud risk, and enhances trust among global stakeholders.
This initiative sets the stage for more RWA integrations in Latin America and beyond, as regulators and investors grow comfortable with blockchain-based financial systems.
Outlook
The $130 million tokenized CRA issuance represents more than just a blockchain use case — it’s a paradigm shift in how real-world credit markets are structured and operated, with XRP Ledger at the core of this transformation.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.