VERT, one of Brazil’s securitization and fund management companies, has launched a blockchain-based platform for managing private credit operations, built on the XRP Ledger (XRPL), a public blockchain built for the tokenization of real-world assets.
The platform was developed to digitally “mirror securitization and fund operations, with onchain records of key events and transactions.”
The goal is to help make Brazil’s capital markets “efficient, transparent, and accessible through a digital infrastructure.”
The platform’s live transaction is the issuance of an Agribusiness Receivables Certificate (CRA) valued “at BRL 700 million (~USD 130 million). A CRA is a regulated financial instrument that bundles future cash flows owed by agribusinesses such as loan repayments or trade receivables into investment products.”
These assets are used in Brazil to finance agricultural production and exports.
By recording this issuance and all events onchain, VERT is bringing transparency, traceability, and efficiency to Brazil’s economy.
Leveraging the XRPL’s efficiency, low costs, and compliance features, VERT’s solution enables “value movement and transparent settlement across each stage of the structured credit lifecycle.”
It also integrates the XRPL EVM Sidechain, an Ethereum-compatible environment that brings smart contract functionality to “enable programmable automation, the recording of metadata and key documents, and support for more detailed reporting.”
The platform was designed to provide “end-to-end traceability of asset issuance, payments, transfers, and other lifecycle milestones.”
It includes off-chain redundancy through VERT’s internal systems and licenses, while also “recording information in Brazil’s regulated financial infrastructure to ensure full compliance.”
By tokenizing these operations, VERT aims to streamline the securitization process, “reducing execution times, lowering costs, and improving coordination across stakeholders, all while preserving the reliability expected in regulated financial markets.”
Gabriel Braga, Director of Digital Assets at VERT:
“We are enabling operation events to be recorded in the most granular way possible, ensuring traceability and transparency with event records increasingly closer to the moment they occur, approaching real time,”
VERT’s integration with the XRPL, in collaboration with Ripple, a key contributor, “marks another milestone in the firm’s ongoing commitment to innovation in Brazil’s capital markets.”
Over its 9 years of operation, VERT has built a team of “more than 200 professionals and has issued more than 350 operations, totaling approximately BRL 86 billion issued and BRL 58 billion under management.”
Silvio Pegado, Managing Director, LATAM at Ripple:
“Agribusiness plays an essential role in Brazil’s economy, and improving how credit is structured and tracked in this sector is a meaningful advancement. 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 plans to expand the platform to a “pipeline of structured credit operations, representing over USD 500 million in value.”
The system is designed to support “new asset classes and adapt to Brazil’s regulatory and market infrastructure.”
Issuer wallet address: rsj2HzZNaQNihtX2nPJSxVZuUBrNScMYXi
VERT are the all-in-one service provider for “a new capital market.”
VERT operates in the capital market offering “complete financial services for structured operations.”
From structuring and securitization of a range of instruments to fund management and administration —VERT creates the “connection between originators and investors in the agribusiness, fintechs, real estate and trade credit sectors.”
As covered, Ripple is the provider of digital asset infrastructure for financial institutions—delivering software that “unlocks efficiencies, reduces friction, and enhances global finance.”
Ripple’s solutions leverage the XRP Ledger and its digital asset, XRP, which was built to enable “scalable transactions across developer and financial use cases.”
With a track record working with regulators and policymakers around the world, Ripple’s payments, custody and stablecoin solutions are enabling the digital asset economy.