Brazilian securitization firm VERT has launched a blockchain-based private credit platform on the XRP Ledger, debuting with a brazilian real 700 million (approximately $130 million) issuance of an Agribusiness Receivables Certificate (CRA), per a release.
The CRA, a key instrument used to bundle future cash flows from Brazil’s agricultural sector was recorded on-chain using the XRPL and its Ethereum-compatible EVM sidechain, allowing real-time tracking of cash flows, loan events, and payments.
VERT’s new platform aims to modernize Brazil’s $200 billion private credit market by offering end-to-end lifecycle traceability, compliant metadata storage, and real-time updates for investors and regulators.
The firm states that the system integrates both on-chain recording and off-chain redundancy, thereby bridging Brazil’s regulated financial infrastructure with blockchain rails.
“We are enabling operation events to be recorded in the most granular way possible, ensuring traceability and transparency… approaching real time,” said Gabriel Braga, Director of Digital Assets at VERT.
The XRPL’s low-cost, high-efficiency consensus design, alongside its EVM compatibility, allowed for smart contract automation and auditability. Foreign investors, Braga noted, have increasingly demanded this level of operational transparency.
The announcement marks another step in Ripple’s enterprise RWA strategy, which has centered on using the XRP Ledger to support tokenized real-world assets across global credit markets.
“Agribusiness plays an essential role in Brazil’s economy, and improving how credit is structured and tracked in this sector is a meaningful advancement,” said Silvio Pegado, Ripple’s LATAM Managing Director, in the release.