Brazilian securitisation firm VERT rolled out a private credit platform on the XRP Ledger to boost transparency and speed in agribusiness financing. The launch featured a BRL 700 million Agribusiness Receivables Certificate issuance recorded on‑chain.
VERT chose the XRP Ledger and its EVM sidechain to allow real‑time tracking of cash flows, loan events and payments.
Platform Debut with CRA Issuance
The first live transaction on VERT’s new system involved the issuance of a CRA valued at BRL 700 million (about $130 million).
A CRA bundles future cash flows, such as loan repayments and trade receivables from agricultural companies, into an investment product. These certificates are an important way in Brazil for financing farm production and exports.
By implementing the deal on‑chain, VERT gives investors and regulators immediate visibility into every step of the credit lifecycle.
Users can monitor when loans are issued, when payments arrive and when funds move. This marks a shift from delayed monthly or quarterly reporting to near‑instant updates.
Blockchain and EVM Integration
VERT’s solution uses the native XRP Ledger for speed and low transaction cost. It also makes the ledger’s EVM sidechain support smart contracts.
This understanding with Ethereum tools lets VERT automate tasks, attach metadata and host key documents directly on the blockchain.
The smart contract layer helps enforce rules without manual checks. It ensures that payments flow only when predefined conditions are met. By combining both chains, VERT balances performance with advanced programmability.
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Traceability and Compliance
The platform logs every event in granular detail. Each issuance, each payment and each transfer is permanently recorded.
VERT keeps an off‑chain backup in its own systems to meet Brazil’s financial regulation standards. At the same time, it writes critical data into the country’s regulated infrastructure to ensure full legal compliance.
This dual approach means no data is lost, and regulators can cross‑verify records. It also reduces the risk of errors or fraud. In a sector worth billions, such safeguards can build greater confidence among investors.
Industry Impact
Agribusiness accounts for a large share of Brazil’s economy. Yet credit structures can be slow and opaque. VERT’s move shows how tokenisation could cut execution times and lower costs. It also aims to improve coordination among banks, asset managers and end borrowers.
VERT co‑founder Gabriel Braga said that recording events as close as possible to when they occur is a step toward real‑time markets. He noted that foreign investors have been calling for more transparency in structured credit deals.
Silvio Pegado of Ripple highlighted the importance of this project. He said that modernising core markets with blockchain can spur national growth. Ripple worked with VERT to integrate the XRPL, bringing its compliance tools and network features to the platform.
VERT’s Track Record and Future Plans
VERT has nine years of experience in Brazil’s CRA market. The firm has a staff of over 200 and has issued more than 350 operations. Its total issuance stands at roughly BRL 86 billion, with about BRL 58 billion under management.
The company plans to extend the platform to handle over $500 million in new structured credit deals. It also aims to add support for more asset types as Brazil’s rules and markets evolve. VERT hopes this system becomes a model for other sectors seeking better data and faster settlements.