<\/p>\n
Brazilian securitization firm VERT is using the XRP Ledger to tokenize private credit, beginning with a $130 million agribusiness receivables certificate.<\/p>\n
VERT, a Brazilian financial services firm, has launched a private\u2011credit digitization platform on the XRP Ledger for managing private credit operations.<\/p>\n
In a blog post<\/a>, Ripple said the platform\u2019s first transaction \u2014 an agribusiness receivables certificate (CRA) valued at BRL 700 million (about $130 million) \u2014 is the largest real-world asset (RWA) issuance recorded on the blockchain to date.<\/p>\n \u201cThe platform was developed to digitally mirror securitization and fund operations, with onchain records of key events and transactions. The goal is to help make Brazil\u2019s capital markets more efficient, transparent, and accessible through a secure digital infrastructure,\u201d Ripple said.<\/p>\n CRAs are widely used in Brazil as structured credit instruments that package future cash flows \u2014 such as loan repayments and trade receivables \u2014 from agribusiness companies. Ripple notes that the agribusiness sector accounts for more than 20% of Brazil\u2019s GDP and depends heavily on CRAs to finance agricultural production and exports.<\/p>\n According to the blog post, VERT\u2019s platform replicates the traditional processes of securitization and fund management, but stores everything digitally, utilizing the XRPL Ledger and Ethereum-compatible sidechain<\/a> that enables the execution of smart contracts for automation.<\/p>\n VERT plans to grow this platform to handle a pipeline of structured credit transactions exceeding $500 million, though the timeline for such expansion remains unclear.<\/p>\n <\/p>\n <\/a><\/p>\n While VERT\u2019s agribusiness issuance tops the XRP Ledger, the largest tokenized RWA on a public blockchain is BlackRock\u2019s USD Institutional Digital Liquidity Fund \u2014 also known as BUIDL<\/a> \u2014 on Ethereum, with over $2.4\u202fbillion in U.S. Treasury bills under management, per data<\/a> from RWA.xyz.<\/p>\n The latest development comes amid growing activity on the XRPL, which hit an all-time high in total value locked (TVL) earlier this month, surpassing $93 million according to DefiLlama data<\/a>. Meanwhile, Ripple\u2019s RLUSD stablecoin also continues to expand, with its market capitalization standing at roughly $557 million.<\/p>\n Despite the announcement, the price of XRP<\/a> slipped 1% to $3.07, dropping more than 10% over the past week amid reports<\/a> suggesting Ripple co-founder Chris Larsen moved over $175 million in XRP to exchanges during the recent rally.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Brazilian securitization firm VERT is using the XRP Ledger to tokenize private credit, beginning with a $130 million agribusiness receivables certificate. VERT, a Brazilian financial services firm, has launched a private\u2011credit digitization platform on the XRP Ledger for managing private credit operations. In a blog post, Ripple said the platform\u2019s first transaction \u2014 an agribusiness […]<\/p>\n","protected":false},"author":2,"featured_media":399833,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-399828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/399828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=399828"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/399828\/revisions"}],"predecessor-version":[{"id":399834,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/399828\/revisions\/399834"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/399833"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=399828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=399828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=399828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}