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Brazilian securitization company VERT has introduced a blockchain-enabled private credit platform on the XRP Ledger, launching with a R$700 million ($130 million) issuance of an Agribusiness Receivables Certificate (CRA).
Key Takeaways:
- VERT has unveiled a blockchain-based credit platform on the XRP Ledger featuring a $130M tokenized certificate.
- The platform facilitates real-time, on-chain monitoring of loan events, cash flows, and payments.
- VERT aims to enhance transparency and traceability within Brazil’s $200B private credit sector.
The CRA, a widely used financial instrument in Brazil’s agricultural industry, was recorded on-chain utilizing the XRP Ledger and its Ethereum Virtual Machine (EVM)-compatible sidechain, as stated in a company announcement.
This integration enables detailed, real-time tracking of payments, loan conditions, and cash flow events throughout the asset’s lifecycle.
VERT Aims for Transparency in Brazil’s $200B Private Credit Sector
VERT’s platform aspires to modernize Brazil’s $200 billion private credit market by providing complete traceability, compliant metadata, and transparency for both investors and regulators.
The system combines blockchain transparency with the robustness of off-chain infrastructure, intending to connect traditional finance with decentralized networks.
“We are facilitating the recording of operational events in the most detailed manner possible, ensuring traceability and transparency… approaching real time,” stated Gabriel Braga, Director of Digital Assets at VERT.
The XRPL’s cost-effective consensus mechanism and smart contract capabilities via its EVM sidechain were crucial to the project’s development.
VERT has launched a blockchain-based platform for structured credit, now live with a BRL 700M (~USD 130M) issuance on the XRP Ledger + EVM Sidechain. https://t.co/9Bir0575ft
The first asset is a CRA financing Brazil’s agribusiness sector, which contributes over 20% of the…— RippleX (@RippleXDev) July 23, 2025
Braga noted that international investors are increasingly looking for enhanced visibility into the structuring and management of credit assets.
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Ripple’s LATAM Managing Director Silvio Pegado highlighted the importance of the agricultural sector in Brazil and regarded the initiative as a significant advancement toward improved credit management.
“This milestone illustrates how blockchain technology, through the XRP Ledger, can act as a dependable infrastructure for modernizing financial markets that are essential to national growth.”
XRP Perpetual Futures Open Interest Reaches Record $8.8B
XRP experienced a surge in notional open interest for its perpetual futures contracts last week.
Notional open interest, representing the total value of leveraged positions held by traders, rose to a record high of $8.8 billion, according to CoinGlass.
This figure equates to nearly 2.9 billion XRP in open contracts.
The previous record for XRP notional open interest was $8.3 billion, achieved in late January prior to the commencement of former U.S. President Donald Trump’s second term.
Across most platforms, XRP’s funding rate was positive and increasing, indicating a market where long positions are willing to compensate short positions to maintain their trades, a classic sign of bullish sentiment.
As reported, the number of wallets holding at least 1 million XRP tokens has also reached an all-time high.
Data indicates that wallets with 1 million or more XRP collectively control over 47.32 billion tokens.
Last month, Ripple CEO Brad Garlinghouse disclosed that the company intends to withdraw its cross-appeal against the SEC, noting that the regulator is also anticipated to drop its own appeal.
This announcement followed a US district court ruling that denied a joint request from Ripple and the SEC to reduce Ripple’s $125 million civil penalty and overturn the decision that classified Ripple’s institutional XRP sales as securities transactions.
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