VERT is deploying the XRP Ledger to tokenize private credit instruments within Brazil’s agribusiness sector, targeting $500 million in real-world asset (RWA) digitization. The initiative aims to enhance capital market transparency and operational efficiency by leveraging distributed ledger technology.
The program launches with the tokenization of a 700 million Brazilian real (~$130M) Agribusiness Receivables Certificate (CRA). This expansion coincides with explosive growth in XRPL-based RWAs, which surged 2,260% over six months to surpass $118 million in total value.
Ripple’s Ethereum-compatible XRPL EVM Sidechain provides smart contract functionality for the tokenization process, ensuring programmable compliance and interoperability. The development forms part of Latin America’s accelerating blockchain adoption for financial infrastructure modernization, where XRPL’s low-cost, high-throughput capabilities offer significant advantages.
The VERT-Ripple collaboration demonstrates blockchain’s capacity to increase accessibility and reduce friction in Brazil’s critical agribusiness financing ecosystem. Tokenization is expected to streamline capital flows while maintaining rigorous regulatory standards across the $500 million portfolio.