Table of Contents
Brazilian fund manager VERT has tokenized BRL 700 million in Agribusiness Receivables on the XRP Ledger, opening today the country’s first blockchain market for CRA farm credits. The deal, worth about US $130 million, places every payment schedule and cash flow on-chain, ready for trade in small digital slices.
CoinDesk later confirmed platform launch and said Ripple engineers helped build the system, which links the public ledger to Brazil’s regulated trust accounts. VERT plans to list the tokens on an EVM sidechain and issue another US $500 million within a year if today’s pilot clears smoothly.
“Recording each event as near real-time as possible gives overseas investors the transparency they keep asking for,” VERT Digital-Assets Director Gabriel Braga told reporters, calling the upgrade a “structural foundation” for future capital markets. The remarks were carried when CryptoTimes outlined roll-out details last week.
CRAs bundle future farm payments into bonds that fund seeds, storage and exports. Until now, many moved on paper, causing slow settlement and hidden fees. By shifting them onto XRPL’s cheap and fast rails, VERT hopes to draw pension funds and family offices that could not easily access Brazil’s vast farm-finance market.
The move also widens XRPL’s real-world-asset push. In July the ledger passed US $118 million in tokenized property and credit, and Ripple’s Asia accelerator has urged banks to add mortgages next. Analysts say VERT’s success could show how the same rails serve land deeds or warehouse receipts, knitting agriculture and property finance into one transparent network.
