Brazilian financial consulting firm VERT Capital is now taking the country’s digital finance to the next level. We have advanced the blockchain-based payment system by converting public pension payments into digital tokens on the XRP Ledger’s secure system.
VERT brings $40 million in tokenized assets
Ripple announced on Friday that VERT has completed its second on-chain issuance, bringing $40 million worth of tokenized assets onto the blockchain, and expects this to grow to approximately $190 million. With this new initiative, Brazil has developed a blockchain utility with strong rules to protect investors while making finance smoother and more modern.
VERT uses the Ripple XRP blockchain and EVM sidechain to digitally record all major events, documents, and major transactions for these funds. This provides real-time transparency while complying with Brazilian financial regulations.
Ripple’s fast cross-border payment system has attracted the attention of several Brazilian companies, including Mercado Bitcin and Unicâmbio.
Gabriel Braga, Director of Digital Assets at VERT, said that this merger of blockchain and commerce means that financial assets are no longer limited to traditional copies, but are now fully digital. “This combination of traceability, compliance and programmability lays the foundation for more efficient and supervised capital markets,” he added.
VERT works with BYX to manage and analyze pension collateral assets. Together, they aim to launch more tokenized funds using blockchain technology.
Looking to the future
Further strengthening this partnership, VERT and Ripple are now participating in LEAP, a program by the Brazilian Securities and Exchange Commission (CVM) to explore how blockchain can be improved in regulated markets.
Their main goal is to show how blockchain can simplify secondary trading of securities, reduce supervisory costs, and connect the financial system more efficiently.
Silvio Pegado, Ripple’s managing director for Latin America, noted that Brazil is showing the world how on-chain financial systems can operate safely and effectively in real-world markets. He further added, “By combining compliant infrastructure with real-world use cases like VERT’s tokenized credit platform, the region is setting a global example of how on-chain finance can work in practice.”