XRP News: Brazil’s VERT Launches $130M Tokenized Credit Platform on XRP Ledger
Main Idea
Brazilian securitization firm VERT has launched a $130M tokenized credit platform on the XRP Ledger, aiming to bring transparency to Brazil's $200B private credit market.
Key Points
1. VERT launched a blockchain-based credit platform on the XRP Ledger with a $130M tokenized Agribusiness Receivables Certificate (CRA).
2. The platform aims to modernize Brazil's $200 billion private credit market by enhancing transparency and traceability.
3. The XRP Ledger and its EVM-compatible sidechain were used to record the CRA issuance.
4. XRP perpetual futures open interest hit a record $8.8 billion, indicating strong market activity.
Description
Brazilian securitization firm VERT has rolled out a blockchain-powered private credit platform on the XRP Ledger, debuting with a R$700 million ($130 million) issuance of an Agribusiness Receivables Certificate (CRA). Key Takeaways: VERT launched a blockchain-based credit platform on the XRP Ledger with a $130M tokenized certificate. The system enables real-time, on-chain tracking of loan events, cash flows, and payments. VERT aims to bring transparency and traceability to Brazil’s $200B private...
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