Saad Ullah
XRP (Ripple) is making waves after Brazil's VERT announced a massive $130 million blockchain credit platform built on the XRP Ledger. This could be a game-changer for XRP adoption in Latin America's financial sector.
Brazilian securitization firm VERT just dropped some major news by launching a blockchain-powered private credit platform on the XRP Ledger. They're starting big with a R$700 million ($130 million) Agribusiness Receivables Certificate (CRA) - that's real money backing real agricultural deals in Brazil.
What makes this interesting is how they're using XRP's tech to track everything in real-time. We're talking payments, loan terms, cash flows - the whole nine yards. The CRA gets recorded on-chain using both the XRP Ledger and its Ethereum-compatible sidechain, giving investors a clear view of what's happening with their money.
XRP (Ripple) Takes Aim at Brazil's Massive $200B Credit Market
VERT isn't messing around here. They're going after Brazil's enormous $200 billion private credit market with full transparency and traceability. The platform mixes blockchain's openness with traditional finance infrastructure, which could be exactly what institutional investors have been waiting for.
Gabriel Braga from VERT's Digital Assets team put it pretty simply: "We are enabling operation events to be recorded in the most granular way possible, ensuring traceability and transparency… approaching real time." That's the kind of visibility that foreign investors have been demanding when they look at Brazilian credit assets.
The XRP Ledger made sense for this project because of its low costs and smart contract capabilities through the EVM sidechain. Ripple's LATAM boss Silvio Pegado seems pretty excited about it too, calling it "reliable infrastructure for modernizing financial markets that are foundational to national growth."
XRP (Ripple) Futures Hit Record $8.8B as Interest Explodes
While VERT was making their announcement, something else caught traders' attention. XRP perpetual futures just smashed records with $8.8 billion in open interest, according to CoinGlass. That's nearly 2.9 billion XRP tokens tied up in leveraged positions.
The previous high was $8.3 billion back in January when Trump started his second term. What's telling is that funding rates stayed positive across most exchanges, meaning long traders were happy to pay shorts just to keep their positions. That's usually a pretty bullish sign.
The big wallets are backing this up too. Holders with at least 1 million XRP tokens just hit an all-time high, controlling over 47.32 billion tokens between them. Meanwhile, Ripple CEO Brad Garlinghouse said they're planning to drop their SEC cross-appeal, with expectations the regulator will do the same.
This whole Brazil situation shows XRP isn't just another crypto token - it's actually being used for serious financial infrastructure. When a $130 million agricultural platform chooses your blockchain over everything else out there, that says something about the technology's real-world potential.
Saad Ullah
