VERT Initiates $130 Million Tokenized Credit Infrastructure on XRP Ledger
Brazilian asset manager VERT has officially launched a blockchain-enabled platform for private credit operations, marking a significant stride in the integration of blockchain technology within Brazil's capital markets. The platform, developed on the XRP Ledger and its Ethereum-compatible EVM sidechain, was unveiled on July 23, 2025.
The groundbreaking platform aims to increase transparency, velocity, and efficiency in Brazil's financial market. It offers a reliable framework for various structured credit operations, starting with Agribusiness Receivables Certificates (CRA), a popular financial instrument in Brazil.
One of the key features of the platform is its ability to provide real-time tracking of cash flows, loan events, and repayments through tokenization. This innovative approach leverages the energy-efficient, low-cost transactions of the XRP Ledger, combined with the smart contract capabilities of the EVM sidechain.
The platform supports fractional ownership, 24/7 trading, and full lifecycle transparency of private credit assets. Compared to traditional systems, it reduces errors, minimizes intermediaries, accelerates settlements, and improves regulatory compliance with off-chain backups and integration with Brazil’s regulated financial systems.
The tokenization of real-world assets, such as agribusiness receivables, which form a significant part of Brazil's economy, unlocks liquidity for borrowers and broadens access for foreign investors seeking greater transparency and traceability. VERT aims to expand the platform pipeline to over $500 million in tokenized private credit assets, targeting new asset classes as regulatory frameworks mature.
Ripple, in collaboration with VERT, played a substantial role in the development of this platform. Silvio Pegado, Ripple's Managing Director for Latin America, emphasised the need for modernisation in Brazil's agribusiness credit structures. The collaboration between the two entities signifies a significant step towards the integration of blockchain technology in Brazil's capital markets.
Gabriel Braga, VERT's Director of Digital Assets, described the system as capturing operation events as near real-time as possible, in response to increasing requests for transparency, especially from overseas investors. The platform provides complete traceability of asset issuance, transfers, payments, and other lifecycle milestones.
The initial transaction on the platform was the issuance of an Agribusiness Receivables Certificate (CRA) worth BRL 700 million (approximately $130 million). The platform's expansion to accommodate other asset classes could potentially revolutionise the financial market in Brazil.
In transforming Brazil’s capital markets, VERT's platform addresses inefficiencies inherent to structured finance by enabling faster, more transparent, and scalable financing mechanisms. The blockchain-based system helps modernise traditional credit markets, promoting financial inclusion and enhancing investor confidence by providing real-time verifiable data and liquidity in a historically illiquid market segment.
This initiative aligns with broader global trends projecting trillions in tokenized assets by 2033 and has been described as a potential benchmark for blockchain adoption in finance. VERT's blockchain platform is currently operational and actively tokenizing private credit assets on XRP Ledger and its EVM sidechain.
The platform developed by VERT, in partnership with Ripple, utilizes both the XRP Ledger and an Ethereum-compatible EVM sidechain for facilitating private credit operations, aiming to revolutionize Brazil's financial market with increased transparency, velocity, and efficiency. This innovative system supports fractional ownership, 24/7 trading, and full lifecycle transparency of private credit assets, presenting a significant opportunity for foreign investors seeking greater transparency and traceability. In addition, the energy-efficient, low-cost transactions of the XRP Ledger and the smart contract capabilities of the EVM sidechain enable real-time tracking of cash flows, loan events, and repayments through tokenization.
