Vert, a Brazilian security and fund manager, said Wednesday that it debuted a blockchain-based platform to deal with private credit transactions on XRP Ledger (XRP) and its Ethereum-Compatible Sidekain, which brought more tokenized assets in the real world to the ecosystem.
The first transaction of the platform was the issuance of a BRL 700 million or $ 130 million, Agribusiness -Received Havender Certificate (CRA), a regulated instrument used to finance agricultural production, according to a press release.
CRA is rolling out future cash flows caused by Agribusinesses, such as repayment of loans for investors for investors. Agriculture accounts for over 20% of Brazil’s GDP, making the sector a key test for digital economic tools.
The issue emphasizes the accelerating trend for the real world (RWA) tookenization using blockchain rails to deal with transactions with traditional financial instruments such as bonds, credit and funds. The process promises faster and more efficient settlements and wider investor access compared to traditional bank channels, especially in new economies with less developed capital markets.
The role of XRP Ledger as a tokenized RWA hub has grown, with Dubai selected the network for its ambitious real estate tokenization plan to put $ 16 billion dollars into property on the chain by 2033.
By registering the assignment’s issuance and life cycle events directly on-chain, Vert said its system improves transparency and traceability for structured credit operations. The platform is integrated with Brazil’s regulated financial infrastructure and uses off-chain redundancy to meet observations, the company said.
“It is a concrete step towards the development of tokenization as a structural pillar in the modern capital market,” Gabriel Braga, director of digital assets in Vert, said in a statement. “Tokenization also meets the demand for greater transparency in operations that mainly come from foreign investors.”
Ripple, an important contributor to the XRP headbook, also contributed in the project.
“Agribusiness plays a significant role in Brazil’s economy, and improving how credit is structured and tracked in this sector is a meaningful progress,” said Silvio Pegado, Ripple’s CEO of the Latin America region.
“This milestone demonstrates how blockchain technology through the XRP headbook can serve as reliable infrastructure to modernize financial markets that are fundamental to national growth.”
Vert said that future plans include expanding the platform to additional asset classes and structured credit agreements worth over $ 500 million.
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