Brazilian financial consultancy VERT Capital has now taken the country’s digital finance to the next level. The advanced blockchain payment system by converting public pension payments into digital tokens on XRP Ledger’s secure system.
VERT brings $40 million tokenized assets
Ripple announced Friday that VERT has completed its second on-chain issuance, bringing $40 million worth of these tokenized assets onto the blockchain, and expects this to grow to approximately $190 million. With this new initiative, Brazil developed its blockchain utility with strict rules to protect investors while making financing smoother and more modern.
Using the Ripple XRP blockchain and EVM sidechain, VERT digitally records all important events, documents and important transactions for these funds. This provides real-time transparency while remaining compliant with Brazil’s financial regulations.
Ripple’s cross-border fast payment system has attracted the attention of several Brazilian companies, including Mercado Bitcin and Unicâmbio.
Gabriel Braga, Director of Digital Assets at VERT, said that this merger between blockchain and commerce has made financial assets completely digital and not just copies of the traditional ones. “This combination of traceability, compliance and programmability lays the foundation for a more efficient and controlled capital market,” he added.
VERT partners with BYX to manage and analyze pension-backed assets. Together they aim to launch more tokenized funds using blockchain technology.
Looking ahead
To further embrace the partnership, VERT and Ripple are now participating in LEAP, a program of the Brazilian Securities and Exchange Commission (CVM) to explore how blockchain can improve in regulated markets.
Their main goal is to show how blockchain can simplify secondary securities trading, reduce regulatory costs, and connect financial systems more efficiently.
Silvio Pegado, Ripple’s Managing Director for Latin America, pointed out that Brazil is showing the world how an on-chain financial system can operate safely and effectively in real markets. He added: “By combining compliance-ready infrastructure with real-world use cases, such as VERT’s tokenized credit platform, the region is providing a global example of how on-chain finance can work in practice.”