Brazilian investment firm VERT has announced the launch of a new blockchain platform for structured credit using XRP Ledger technology. This project aims to improve lending conditions in agribusiness.
What is VERT and XRP Ledger?
VERT is one of Brazil's leading fund managers, specializing in various investments. XRP Ledger is a distributed ledger that provides high transaction speeds and enhanced transparency, along with an Ethereum-compatible sidechain.
New Platform and Its Functionality
The VERT platform begins its operations with a large issuance of tokenized credit receivables in agribusiness totaling 700 million Brazilian reais (approximately 130 million USD). Utilizing the XRP Ledger enables fast processing of applications, transparency of processes, and real-time tracking capabilities.
Prospects for Tokenized Credits in Agribusiness
The VERT project opens new opportunities for agribusiness in Brazil by providing more accessible lending conditions and improving financial inclusivity in the industry.
The launch of the VERT platform could be a significant step in the agribusiness and lending sector in Brazil, supporting the development of tokenized assets and the implementation of innovative solutions in finance.
