VERT, a Brazilian financial services firm, has launched a private‑credit digitization platform on the XRP Ledger for managing private credit operations.

In a blog post, Ripple said the platform’s first transaction — an agribusiness receivables certificate (CRA) valued at BRL 700 million (about $130 million) — is the largest real-world asset (RWA) issuance recorded on the blockchain to date.

“The platform was developed to digitally mirror securitization and fund operations, with onchain records of key events and transactions. The goal is to help make Brazil’s capital markets more efficient, transparent, and accessible through a secure digital infrastructure,” Ripple said.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io