Vert, a Brazilian securitization and fund manager, said Wednesday it debuted a blockchain-based platform for handling private credit transactions in XRP ledger (XRP) and its Ethereum-compatible sidechains, bringing more tokenized real-world assets to the ecosystem.
According to the Platt release, the platform’s first transaction was the $700 million, or $130 million, of the Agribusiness Recovables Certificate (CRA), a regulatory tool used to fund agricultural production.
CRAs pool future cash flows owed by agribusiness, such as loan repayments to securities aimed at investors. Agriculture accounts for more than 20% of Brazil’s GDP, making this sector an important testbed for digital financial tools.
The issuance highlights the accelerated trend in real-world asset (RWA) tokenization to use blockchain rails to handle transactions with traditional financial instruments such as bonds, credits and funds. This process promises faster, more efficient settlements and wider investor access, especially in emerging economies with undeveloped capital markets, compared to traditional banking channels.
The role of XRP ledgers as a tokenized RWA hub is growing, with Dubai choosing the network for its ambitious real estate tokenization plan, which will chain $16 billion in real estate certificates by 2033.
By directly recording Asset publications and lifecycle events on-chain, Vert said the system will improve transparency and traceability of structured credit operations. The platform is integrated with Brazil’s regulated financial infrastructure and uses off-chain redundancy to meet compliance standards, the company said.
“This is a concrete step towards the evolution of tokenization as a structural pillar of modern capital markets,” said Gabriel Braga, director of digital assets at Vert, in a statement. “Tokenization also addresses the demand for increased operational transparency, which comes primarily from foreign investors.”
Ripple, a key contributor to the XRP ledger, also contributed to the project.
“Agribusiness plays an important role in the Brazilian economy, and improving how credit is structured and tracked in this sector is a meaningful progress,” said Silvio Pegado, managing director for the Latin America region.
“This milestone illustrates how blockchain technology can serve as a reliable infrastructure to modernize the financial markets that underlie national growth,” he said.
Future plans include expanding the platform to over $500 million additional asset classes and structured credit transactions, Vert said.
Read more: Backed Finance Tokenized Stock Product Volume Jumps to $300 Million