VERT Explores Tokenization of Private Credit on XRP Ledger Amid Growing Real-World Asset Interest
Main Idea
VERT is leveraging the XRP Ledger to tokenize private credit in Brazil's agribusiness sector, aiming to enhance transparency and efficiency in capital markets, with plans to tokenize $500 million in real-world assets.
Key Points
1. VERT is using the XRP Ledger to tokenize private credit instruments, starting with an Agribusiness Receivables Certificate (CRA) valued at 700 million Brazilian real (~$130 million).
2. The XRP Ledger has seen a 2,260% growth in tokenized real-world assets (RWAs) in six months, exceeding $118 million in total value.
3. VERT aims to tokenize $500 million worth of real-world assets on the XRP Ledger, leveraging Ripple's Ethereum-compatible XRPL EVM Sidechain for smart contract functionality.
4. This initiative is part of a broader trend in Latin America to modernize financial markets through blockchain technology, with XRPL's scalability and cost-effectiveness playing a key role.
5. The collaboration between VERT and Ripple highlights the potential for blockchain to improve transparency, efficiency, and accessibility in Brazil's agribusiness sector and beyond.
Description
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