Reported 2 days ago
VERT, a Brazilian securitization firm, has launched a blockchain-based platform for private credit transactions on the XRP Ledger, issuing a $130 million Agribusiness Receivables Certificate (CRA) to finance agricultural production. This move aims to streamline the transaction process, improve transparency, and attract foreign investment in Brazil's crucial agribusiness sector. The integration of tokenized real-world assets into the platform marks a significant step towards modernizing financial markets in emerging economies, with plans to expand to additional asset classes.
Source: YAHOO