Brazilian fund manager VERT has successfully tokenized a $130 million debt instrument on the XRP Ledger (XRPL), marking a notable blockchain integration in the private credit sector. The launch of the firm’s tokenized platform also coincides with rising institutional demand for tokenized real-world assets (RWAs) on XRPL.

VERT Issues $130M Tokenized CRA on XRP Ledger

VERT announced that the first transaction on its new tokenized credit platform was the issuance of a $130 million Agribusiness Receivables Certificate (CRA). The CRA is a regulated instrument used to bundle future cash flows from agribusinesses into investment products.

According to the company, this instrument supports Brazil’s agricultural sector, which contributes over 20% to the country’s GDP. The CRA was issued using XRPL’s secure, transparent, and efficient infrastructure. VERT said it chose XRPL to record key events and transactions of the operation on-chain.

The firm stated the goal of this platform is to make Brazil’s capital markets more accessible and efficient. With the CRA recorded on-chain, investors can verify the issuance in near real-time via the wallet address (rsj2H…..cMYXi).

XRP Ledger Sees Growth in Tokenized Asset Activity

The launch of VERT’s debt instrument follows a broader surge in tokenized RWA activity on the XRP Ledger. According to on-chain data, tokenized asset activity on XRPL has grown over 2,260% recently, reflecting strong institutional interest.

In the same month, Brazilian crypto exchange Mercado Bitcoin revealed plans to tokenize up to $200 million of fixed-income and equity-income assets on the XRPL. These combined activities are expanding the use cases for XRPL and positioning it as a viable platform for enterprise-level tokenization.

VERT also announced plans to tokenize over $500 million worth of debt instruments as it expands its structured credit operations. The fund manager stated the tokenized credit platform will be integrated with the XRP Ledger’s EVM Sidechain, allowing further scalability and interoperability.

Tokenization to Modernize Brazil’s Private Credit Market

Gabriel Braga, Director of Digital Assets at VERT, commented on the strategic shift. He said, “We are enabling operation events to be recorded in the most granular way possible.” Braga added that this ensures transparency and traceability closer to real time.

According to VERT, tokenization addresses the demand from both domestic and international investors for transparency and real-time auditability. The platform is based on a digital onset which is responsive to the changes in the market environment and laws in Brazil.

The action of VERT supports the fact that tokenization as a concept is an institutionalized feature of capital markets. Other companies in the emerging markets that want to go digital in their privately-owned operations may use the initiative as an example.