In an exciting development that highlights the innovative spirit of Brazil’s financial landscape, VERT, a pioneering securitization firm, has unveiled a groundbreaking blockchain-powered private credit platform harnessing the capabilities of the XRP Ledger. Launching with a substantial issuance of R$700 million (approximately $130 million) of Agribusiness Receivables Certificates (CRA), this initiative is set to revolutionize how private credit operates in Brazil.
These certificates, integral to Brazil’s dynamic agricultural sector, now find a home on the XRP Ledger. This step not only modernizes credit issuance but also introduces a level of transparency and traceability that has long been missing from traditional financial practices. Thanks to the seamless integration with the XRP Ledger and its Ethereum Virtual Machine (EVM)-compatible sidechain, VERT’s platform offers real-time, on-chain monitoring of loan events, cash flows, and payment dynamics throughout the lifecycle of these assets.
Why is this important? Brazil’s private credit market is an economic powerhouse, valued at $200 billion. By introducing blockchain technology, VERT is working to enhance trust and accountability between investors and regulators. As Gabriel Braga, VERT’s Director of Digital Assets, emphasizes, “We are enabling operation events to be recorded in the most granular way possible, ensuring traceability and transparency… approaching real time.” This level of detail is crucial in building confidence, especially for foreign investors who demand higher visibility into credit asset management.
With its unique approach, VERT is blending the strengths of blockchain—including transparency and security—with the robustness of off-chain infrastructure. This strategy is aimed at bridging the gap between conventional finance and decentralized solutions, marking a significant evolution in how credit is structured and managed in the agribusiness sector.
VERT has launched a blockchain-based platform for structured credit, now live with a BRL 700M (~USD 130M) issuance on the XRP Ledger + EVM Sidechain. https://t.co/9Bir0575ftThe first asset is a CRA financing Brazil’s agribusiness sector, which contributes over 20% of the…— RippleX (@RippleXDev) July 23, 2025
The agricultural sector in Brazil plays a vital role, contributing over 20% to the nation’s GDP. The integration of blockchain technology represents not just a technical upgrade, but a shift towards more efficient and transparent financial operations nationwide. Silvio Pegado, Ripple’s LATAM Managing Director, commented on the significance of this initiative, highlighting how it underlines the potential of blockchain to modernize financial markets critical to national growth.
However, the exciting developments in the XRP ecosystem don’t stop there. Recently, the open interest for XRP perpetual futures contracts soared to a record-breaking $8.8 billion, underscoring a growing confidence among traders in the XRP market. This rise in notional open interest indicates that traders are increasingly participating in leveraged positions, suggestive of a bullish market sentiment.
Interestingly, the number of wallets holding at least 1 million XRP tokens has also hit an all-time high. Collectively, these wallets command over 47.32 billion XRP—a clear signal of a robust and expanding community rallying behind the asset. With Ripple’s CEO Brad Garlinghouse announcing plans to withdraw the company’s cross-appeal against the SEC, optimism may continue to grow in the market. This comes in light of a recent court ruling that maintained Ripple’s $125 million civil penalty, yet opened the door for further clarification regarding the regulatory status of XRP.
As VERT’s blockchain-driven platform gains momentum, it’s evident that the convergence of blockchain technology and traditional finance holds promise not just for Brazil, but for the broader global economy. By enhancing transparency and efficiency within the private credit market, VERT is poised to set a new standard in financial operations and investor engagement.
In this age of innovation, staying informed is crucial. How will the introduction of blockchain in private credit reshape your investment strategy? Join the conversation by exploring more about blockchain’s role in finance here.