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Brazilian Securitization Company VERT Launches Private Credit Platform on XRP Ledger

Summary: According to CoinDesk, Brazilian securitization company VERT has launched a blockchain-based private credit platform on the XRP Ledger, issuing a 7 billion Brazilian real (approximately 1.3 billion USD) agricultural receivables certificate (CRA) as its first offering. CRAs are key financial instruments in the Brazilian agricultural sector used to package future cash flows, and this launch ...

According to CoinDesk, Brazilian securitization company VERT has launched a blockchain-based private credit platform on the XRP Ledger, issuing a 7 billion Brazilian real (approximately 1.3 billion USD) agricultural receivables certificate (CRA) as its first offering. CRAs are key financial instruments in the Brazilian agricultural sector used to package future cash flows, and this launch on the XRPL and its compatible Ethereum EVM sidechain enables real-time tracking of cash flows, loan events, and repayments.

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