Blockchain credit platform developed by VERT is now operational on the XRP Ledger, with an initial $130 million tokenized agribusiness offering.
In a significant move towards modernizing Brazil's credit market, VERT has launched a blockchain-based platform on the XRP Ledger for agribusiness credit digitization. This platform aims to tokenize agribusiness receivables, starting with a $130 million Agricultural Credit Certificate (CRA).
The XRP Ledger, known for its speed and cost-efficiency, powers the system, offering fast settlements, low fees, and regulatory adaptability. This makes it a preferred choice for platforms like VERT and Mercado Bitcoin.
The tokenized CRA enables real-time financial tracking and full transparency across the credit operation lifecycle, from loan issuance to final repayment. Each event is recorded on-chain in a granular, traceable, and compliant manner, aligning with Brazilian financial regulations.
This move enhances transparency and traceability for agribusiness credit, a sector critical to Brazil’s economy, which accounts for over 20% of its GDP. VERT meets growing demands from foreign investors for secure, verifiable, and transparent credit operations.
Looking forward, VERT plans to expand this blockchain credit model beyond agribusiness to encompass more asset classes and structured credit deals worth over $500 million. The platform supports direct coordination between parties and limits operational friction, reflecting a shift towards real-time, auditable financial systems.
The platform records all data both on-chain and within Brazil's financial infrastructure, ensuring asset movement is secure and compliant. Over 350 credit operations have already passed through VERT's system, aiming to increase transparency and efficiency in Brazil's agricultural sector, where CRAs are essential tools.
By moving CRAs on-chain, VERT aims to reduce processing time, limit manual errors, and minimize room for manipulation or delay. The platform was built with both internal and regulated backups for added security. The XRP Ledger also connects to the EVM Sidechain, enabling smart contracts for automated repayments, event metadata, and regulatory reporting.
Brazil recently ended the crypto tax exemption and started applying a 17.5% flat tax on all digital asset gains, including self-custody holdings. Despite this, Brazil is emerging as a hub for tokenized finance, and VERT's platform marks a major step in bringing traditional assets into the blockchain era.
In summary, VERT’s expansion involves:
- Tokenizing $130M in agribusiness credit (Agricultural Credit Certificates) on XRPL with real-time tracking and compliance.
- Using XRPL’s EVM sidechain for smart contract automation of repayments, event metadata, and regulatory reporting.
- Providing granular on-chain visibility to investors through the issuer's public wallet.
- Planning to scale to $500M+ in diverse credit operations and asset classes.
- Collaborating with Ripple and aligning with Brazil’s regulated financial infrastructure to enhance trust and adoption.
This demonstrates VERT’s pioneering role in establishing blockchain as a core technology for credit modernization and tokenization in Brazil’s growing crypto and financial markets. XRPL continues to gain traction across Latin America, with platforms like Mercado Bitcoin adopting the ledger.
- The cryptocurrency industry is embracing the use of blockchain technology, as seen in VERT's launch of a blockchain-based platform on the XRP Ledger for agribusiness credit digitization, which aims to tokenize agribusiness receivables, starting with a $130 million Agricultural Credit Certificate (CRA).
- The use of cryptocurrency and tokenization in Brazil's finance sector is expanding, with VERT's platform recording all data both on-chain and within Brazil's financial infrastructure, aiming to increase transparency and efficiency in sectors like agribusiness.
- VERT, by moving CRAs on-chain, is utilizing the XRP Ledger's speed, cost-efficiency, and regulatory adaptability to offer fast settlements, low fees, and real-time financial tracking for a wide range of asset classes and structured credit deals worth over $500 million.
