Brazil’s VERT Dares to Launch Private Credit on XRP Ledger – Will It Save the Economy? 💸

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Oh, behold! VERT, that illustrious Brazilian capital markets firm, has joined the ranks of those daring souls who dare to dabble in the realm of tokenization, unveiling a novel solution upon the XRP Ledger, that most enigmatic of blockchains! 🧠📜

Indeed, the move by this fund management firm coincides with the grand entrance of Wall Street titans—Goldman Sachs, BNY, and JPMorgan—into the tokenized assets market, a realm now teeming with the likes of BlackRock, Fidelity, and Franklin Templeton, who have all donned the garb of innovation. 🏦💸

XRP Ledger, that paragon of blockchain prowess, is powered by the XRP (XRP) token, a digital alchemist’s dream. 🧪💎

Why is VERT’s move important?

VERT’s blockchain-based platform on the XRPL will focus on the issuance and management of private credit operations, a feat as audacious as it is perplexing. Ripple, ever the showman, expands its reach in LATAM with this initiative, while the rest of us mere mortals ponder the meaning of it all. 🤔📉

According to the details, the on-chain venture goes live with the issuance of an Agribusiness Receivables Certificate. The RCA is a regulated credit instrument managed across a sector that accounts for over 20% of Brazil’s gross domestic product—because nothing says “economic stability” like a certificate tied to crops. 🌾💸

“Agribusiness plays an essential role in Brazil’s economy, and improving how credit is structured and tracked in this sector is a meaningful advancement,” said Silvio Pegado, managing director of Ripple in Latin America. 🌍💼

The first CRA transaction will be valued at 700 million Brazilian real, or approximately $130 million. A sum so vast, it could buy a small island… or a lifetime supply of skepticism. 🏝️🙄

How is XRP Ledger’s traction as a tokenization platform? 

Recently, Token Relations revealed the total tokenized real-world assets on XRPL had grown by more than 2,260% in six months — from $5 million at the start of the year to over $118 million at the beginning of July. A meteoric rise, if one ignores the fact that it’s all still very much a gamble. 🚀📉

Mercado Bitcoin, Latin America’s largest cryptocurrency exchange and alternative asset investment platform, announced on July 4 that it will bring over $200 million in tokenized RWAs to the XRPL. The assets the platform plans to tokenize on the blockchain include fixed income and equity instruments—because who doesn’t want to trade stocks as NFTs? 📈🖼️

Guggenheim Capital is also tapping into the XRP Ledger. Its subsidiary, Guggenheim Treasury Services, issued U.S. Treasury-backed digital commercial paper on the Ripple blockchain platform. A marriage of finance and fiction, if ever there was one. 🏦🎭

June also saw tokenized assets platform Ondo Finance unveil its short-term Treasuries bill OUSG, while Circle added native USDC (USDC) to XRP Ledger. A veritable circus of crypto-optimism! 🎪💰

VERT eyes $500 million in RWA on XRPL

VERT’s initiative will add to this traction as it helps Brazil’s capital markets come on-chain. The company aims to generate $500 million in value that will be on-chain. Benefits will include increased operational efficiency, transparency, and accessibility—though one wonders if “accessibility” here means “access to confusion.” 🤷‍♂️🌀

As well as issuing private credit on the XRPL, VERT is integrating Ripple’s Ethereum-compatible protocol XRPL EVM Sidechain to leverage smart contracts for programmable automation among other functionality. A fusion of old and new, like a Renaissance painter using a smartphone. 🎨📱

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2025-07-23 21:04