VERT Issues R$700M CRA, Builds $500M Credit Pipeline on XRP
VERT Finance has issued its first Agribusiness Receivables Certificate (CRA) worth R$700 million (~$130 million) on the XRP Ledger. This marks a key step in Latin America’s real-world asset tokenization.
The platform uses the XRP Ledger’s low transaction costs, fast settlement times and an XRPL EVM sidechain for Ethereum-compatible smart contracts. In phase one, VERT will tokenize $50 million in short-term private credit by Q3 2024, targeting $500 million of private credit on‐chain by year-end. Partnerships with compliance and custody specialists ensure regulatory compliance. With institutional RWA issuance on the XRP Ledger soaring from $5 million to $118 million in six months, traders should watch for increased XRP Ledger utility and potential demand upticks.
Bullish
The issuance of a R$700 million Agribusiness Receivables Certificate and a planned $500 million private credit pipeline on the XRP Ledger heightens network usage, driving demand for XRP to cover transaction fees and collateral. In the short term, traders may buy XRP ahead of increased on-chain activity and token issuance. Over the long term, institutional adoption of real-world assets supports sustained utility and price appreciation, mirroring past cases where tokenized asset launches preceded bullish trends for native tokens.