Brazil’s Vert just flipped the script on how debt gets handled. You got $130 million worth of agribusiness debt, now tokenized and live on the XRP Ledger.
And let me tell you, this isn’t just some fancy fintech experiment. Brazil’s agricultural sector makes up over 20% of the country’s GDP.
Track and trade
Once upon a time, debt instruments were these old-school paper trails, miles of paperwork, and red tape.
But now? Vert launches a tokenized private credit platform on the XRP Ledger, a blockchain network gaining steam with 2,260% surge in tokenized real-world assets.
That means more and more big institutions are saying, yeah, we want in.
Vert’s first big move with this platform? Issuing a $130 million Agribusiness Receivables Certificate.
Think of it as modernizing those traditional debt products tied to future cash flows, like loans or trade receivables, into tokens you can track and trade.
Real world assets
Now, why’s this a big deal? Because Vert is here to make Brazil’s capital markets sharper, cleaner, and way more transparent.
No more hiding stuff in dusty ledgers, every transaction’s on-chain, recorded in near real-time.
Gabriel Braga, their Director of Digital Assets, said the transparency is key.
“We’re making sure every operation is traced right when it happens, giving investors a crystal-clear view.”
Catch that? Real-time transparency. That’s like having the receipts instantly, no questions asked.
The XRP Ledger’s buzzing more than a New York stock exchange bell. Brazilian exchange Mercado Bitcoin also announced plans to tokenize up to $200 million of real-world assets on the same network, fixed-income, equity instruments, you name it.
Adoption
And Vert? They’re not stopping here. They’ve got a pipeline of over $500 million in tokenized credit operations lined up.
Plus, their platform’s getting married to the XRP Ledger EVM Sidechain, hooking into the Ethereum ecosystem for some serious muscle.
Foreign investors love this stuff. Tokenization solves one big headache, transparency.
Instead of guessing if the deal on the table is legit, investors can peek under the hood anytime, tracking through the issuer’s wallet address like it’s open books.
So, Vert’s move to tokenize $130 million in debt on the XRP Ledger means Brazil’s agribusiness sector gets a hi-tech boost, investors get clarity, and XRPL sees adoption shoot through the roof.
