Tokenization of agricultural-related securities in Brazil adopting XRP Ledger | CoinDesk JAPAN

• Brazilian securitization company VERT has launched a blockchain-based private credit platform on the XRP Ledger and issued agricultural-related securities worth 700 million reais.
• This platform aims to modernize Brazil's $200 billion private credit market by providing real-time updates and traceability to investors and regulators.
• This system integrates on-chain records and off-chain redundancy to enhance the transparency and operational efficiency of Brazil's financial infrastructure.

Brazilian securitization company VERT has launched a blockchain-based private credit platform on the XRP Ledger and issued 700 million reais (approximately 18.2 billion yen, based on 1 real = 26 yen) in Agribusiness Receivables Certificates (CRA).

CRA is an important financial product that bundles future cash flows from Brazil's agricultural sector, recorded on-chain using the XRP Ledger and an Ethereum-compatible EVM (Ethereum Virtual Machine) sidechain. This enables real-time tracking of cash flows, loan events, and payments.

VERT's new platform aims to modernize Brazil's $200 billion (approximately 29 trillion yen, based on an exchange rate of 1 dollar = 145 yen) private credit market by providing end-to-end lifecycle traceability, compliance-ready metadata storage, and real-time updates for investors and regulators.

The company states that this system integrates on-chain records and off-chain redundancy, connecting Brazil's regulated financial infrastructure with blockchain infrastructure.

"We are enabling the recording of operational events in as much detail as possible, ensuring traceability and transparency, and bringing it closer to real-time," said Gabriel Braga, Director of Digital Assets at VERT.

The low-cost and highly efficient consensus design of the XRP Ledger, along with EVM compatibility, enables the automation and auditability of smart contracts. Mr. Braga pointed out that foreign investors are increasingly demanding this level of operational transparency.

This announcement marks a new step in Ripple's enterprise RWA strategy to support tokenized real-world assets (RWA) in the global credit market using the XRP Ledger.

"The agricultural business plays an essential role in Brazil's economy, and improving the structure and tracking methods of credit in this sector is a meaningful advancement," said Silvio Pegado, Ripple's LATAM Managing Director, in a release.