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Brazil's VERT Debuts Tokenized Credit Platform on XRP Ledger With $130M Issuance
The offering, with Ripple's contribution, aims to streamline Brazil’s structured credit market and attract foreign investors.
Updated Jul 23, 2025, 1:29 p.m. Published Jul 23, 2025, 1:00 p.m.
What to know:
- Brazilian fund manager VERT debuted a tokenized private credit platform on the XRP Ledger and EVM sidechain, with Ripple contributing to the project.
- The first issuance was a BRL 700 million ($130 million) Agribusiness Receivables Certificate (CRA).
- The issuance underscores the growing trend of real-world asset (RWA) tokenization, using blockchain rails for recording and moving traditional financial assets.
VERT, a Brazilian securitization and fund manager, said on Wednesday it debuted a blockchain-based platform to handle private credit transactions on the XRP Ledger (XRP) and its Ethereum-compatible sidechain, bringing more tokenized real-world assets to the ecosystem.
The platform’s first transaction was the issuance of a BRL 700 million, or $130 million, Agribusiness Receivables Certificate (CRA), a regulated instrument used to finance agricultural production, according to a press release.
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The CRA pools future cash flows owed by agribusinesses such as loan repayments into securities for investors. Agriculture accounts for over 20% of Brazil’s GDP, making the sector a key testbed for digital financial tools.
The issuance underscores the accelerating trend of real-world asset (RWA) tokenization, using blockchain rails to handle transactions with traditional financial instruments like bonds, credit and funds. The process promises faster and more efficient settlements and broader investor access compared to traditional banking channels, especially in emerging economies with less developed capital markets.
XRP Ledger's role as a tokenized RWA hub has been growing, with Dubai selecting the network for its ambitious real estate tokenization plan to put $16 billion of property deeds on-chain by 2033.
By recording the asset's issuance and lifecycle events directly on-chain, VERT said its system improves transparency and traceability for structured credit operations. The platform integrates with Brazil’s regulated financial infrastructure and uses off-chain redundancy to meet compliance standards, the firm said.
"It is a concrete step towards the evolution of tokenization as a structural pillar of the modern capital market," Gabriel Braga, digital assets director at VERT, said in a statement. "Tokenization also addresses the demand for greater transparency of operations, coming mainly from foreign investors."
Ripple, a key contributor to the XRP Ledger, also contributed in the project.
"Agribusiness plays an essential role in Brazil’s economy, and improving how credit is structured and tracked in this sector is a meaningful advancement," said Silvio Pegado, Ripple's managing director of the Latin America region.
"This milestone demonstrates how blockchain technology, through the XRP Ledger, can serve as reliable infrastructure for modernizing financial markets that are foundational to national growth."
VERT said future plans include to expand the platform to additional asset classes and structured credit deals worth over $500 million.
Read more: Backed Finance's Tokenized Stocks Product Volume Jumps to $300M
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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