VERT, a Brazilian fund management firm, has pioneered a blockchain platform on the XRP Ledger (XRPL) to tokenize agribusiness credit instruments. The initiative launched with a $130 million tokenized Agribusiness Receivables Certificate (CRA) – equivalent to 700 million Brazilian reals – marking Latin America's largest real-world asset (RWA) tokenization to date.
CRAs underpin over 20% of Brazil's GDP, bundling agricultural loan repayments and trade receivables into investable securities. By migrating these instruments to XRPL, VERT introduces enhanced transparency, traceability, and operational efficiency to Brazil's critical agricultural financing sector. Gabriel Braga, VERT's Director of Digital Assets, emphasized this addresses foreign investors' demands for auditability while advancing tokenization as a "structural pillar of modern capital markets."
The platform will expand to handle over $500 million in additional structured credit operations, incorporating new asset classes using XRPL's Ethereum-compatible EVM Sidechain for smart contract automation. This development accelerates XRPL's dominance in Latin American tokenization, where on-chain RWAs surged 2,260% in six months – from $5 million in January 2025 to $118 million by July. Ripple's LATAM Managing Director Silvio Pegado noted the deployment demonstrates blockchain's capacity to "modernize financial markets foundational to national growth."
XRPL's low-cost infrastructure has attracted major institutional adoption, including Mercado Bitcoin's plans to tokenize $200 million in assets and Guggenheim's issuance of U.S. Treasury-backed commercial paper. The global tokenized asset market is projected to exceed $600 billion by end-2025.