Summary: Brazilian firm VERT pioneers $130 million agribusiness tokenization on XRP Ledger

Brazil's agribusiness finance is undergoing a major overhaul! Brazilian firm VERT is leading a groundbreaking initiative, pioneering a $130 million agribusiness tokenization on the XRP Ledger (XRPL). This bold move aims to bring unparalleled efficiency and transparency to Brazil's crucial agricultural sector. VERT has launched a new blockchain-based platform on XRPL to modernize agribusiness credit. Their debut transaction involves tokenizing a $130 million Agribusiness Receivables Certificate (CRA). CRAs are vital to Brazil's 20%+ GDP agricultural sector. By tokenizing these assets, VERT is enhancing transparency and traceability, crucial for foreign investors. VERT's Director, Gabriel Braga, calls tokenization a "structural pillar" for modern capital markets. VERT plans to expand, targeting $500 million more in credit operations and new asset classes. This solidifies XRPL's growing role in asset tokenization, a market set to exceed $600 billion this year. XRPL's low costs, speed, and adaptability make it ideal for LatAm's financial infrastructure. Ripple's Silvio Pegado highlights XRPL as reliable infrastructure for modernizing foundational financial markets. This marks a new era for Brazilian agribusiness, leveraging blockchain for a robust, transparent financial future.