Brazil’s VERT Tokenizes $130M in Agribusiness Credit on XRP Ledger

Brazilian financial services firm VERT has taken a major step in digitizing structured finance by launching a blockchain-powered private credit platform on the XRP Ledger (XRPL). The platform’s first milestone is the tokenization of a R$700 million (~$130 million USD) Agribusiness Receivables Certificate (CRA)—a key financing tool in Brazil’s vital agricultural sector, which represents over 20% of the national GDP. CRAs package future payments from agribusinesses into investment-grade securities, and now, with XRPL integration, each step of the credit’s lifecycle—issuance, ownership transfer, and repayment—is recorded transparently on-chain.

This system is built with dual infrastructure: on-chain settlement powered by XRPL and off-chain storage to meet Brazil’s strict regulatory standards. VERT’s platform uses XRPL’s Ethereum-compatible sidechain to enable smart contracts, automate transaction logic, and ensure document traceability. According to Gabriel Braga, Director of Digital Assets at VERT, the goal is to provide “unmatched transparency, with detailed records of each transaction in near real-time.”

The XRP Ledger’s high-speed and low-cost architecture enhances the efficiency of this credit tokenization. Ripple’s Latin America Managing Director, Silvio Pegado, called the initiative a “significant upgrade to how credit is structured, tracked, and delivered” across the agribusiness ecosystem.

VERT’s debut is part of a broader trend: real-world asset (RWA) tokenization on the XRP Ledger is growing rapidly, with a 2,260% increase in tokenized value and over $118 million in total tokenized assets reported in recent months. VERT plans to expand the platform to tokenize over $500 million in additional credit instruments, aiming to modernize Brazil’s financial markets and attract international investors with greater operational transparency. The move reflects a larger shift in Latin America toward blockchain-based financial infrastructure that blends regulatory compliance with cutting-edge digital technology.