- VERT issued a $130 million tokenized CRA using XRPL, enhancing credit transparency for Brazil’s agribusiness sector.
- The new platform reduces banking delays and costs, helping small rural producers access faster blockchain-based credit.
- VERT’s future expansion includes $500 million in smart contract-based credit, supported by XRPL’s Ethereum-compatible sidechain.
Brazilian asset manager VERT has completed the issuance of a $130 million Agribusiness Receivables Certificate (CRA) on the XRP Ledger. The CRA is a regulated debt instrument tied to expected cash flows from agricultural producers. By moving this financial product onto the blockchain, VERT has launched the first live transaction on its newly introduced tokenized private credit platform.
This development brings blockchain transparency to Brazil’s rural credit sector, which traditionally relies on banks and central intermediaries. The tokenized CRA turns receivables and loan repayments from agribusinesses into investment-grade products. It is designed to simplify access to funding for producers by offering reduced issuance costs and faster capital access.
Platform mirrors securitization on blockchain
VERT’s platform mirrors traditional fund structures on-chain by recording transactions with precision and transparency. Each event is time-stamped and tamper-proof, allowing investors to track the instrument’s entire lifecycle. The system offers real-time traceability, replacing manual tracking processes with automatic on-chain data updates.
The platform supports foreign investor interest by offering a transparent view of issuer wallets and transaction records. This blockchain-based model challenges the inefficiencies found in Brazil’s traditional banking system, which often involves delays and higher operational costs.
More offerings planned with EVM sidechain
Following this issuance, VERT aims to expand the platform to support over $500 million in additional structured credit offerings. The company will integrate its system with the XRP Ledger’s Ethereum-compatible sidechain, improving asset compatibility and enabling smart contract functionalities across various credit instruments.
This move aligns with the rise in real-world asset tokenization on the XRP Ledger. Recent reports from Brazilian exchange Mercado Bitcoin indicate plans to tokenize $200 million worth of fixed- and equity-income products on XRPL. VERT’s launch signals a growing trend toward blockchain adoption in Latin America’s capital markets.
Tokenized credit offerings are gaining traction as a more efficient alternative in rural areas where access to formal banking is limited. This approach allows small producers with minimal collateral or credit history to participate in broader investment markets.
