Vert Capital, a Brazilian credit structuring and securitization company, plans to tokenize up to $1 billion in debt and accounts receivable on the XDC network
As part of the transaction, businesses will move financial products such as corporate debt, agribusiness accounts receivable and structured credit products over the next 30 months.
Migration will shift Vert’s existing securitization work, including clients such as Cargill, Santander, and Raízen, to digital issuance using blockchain-based infrastructure designed to meet regulatory and audit requirements.
“Our goal is to convert traditional structured assets into digital assets with global liquidity,” said Gabriel Braga, head of digital assets at Vert, in a statement. “We already have problematic structures, proven frameworks and validated compliance right away.”
Meanwhile, XDC Network, an Ethereum-compatible layer 1 with 2 seconds of payment time and ISO 20022 messaging support, has established itself as a hub for real-world asset tokenization. Its partners include Circle, Deutsche Telekom MMS and Securitize, and the network integrates frameworks such as MLETR and R3 Corda to support cross-border finance.
Transactions between Vert and XDC will be added to the growing list of tokenization movements around the world. Traditional financial institutions are increasingly exploring blockchain rails for moving and recording ownership of financial products such as credit, bonds, and funds, called real-world assets (RWAs), looking to gain operational efficiency.
Tokenized assets could grow into a trillion dollar market over the next few years, as predicted by reports from Ripple, BCG, McKinsey and others.
Brazil has emerged as an important hub for asset symbolisation in the region, Diego Consent, head of Latin America for the XDC Network, said in an interview with Coindesk.
Brazil-based Crypto Exchange Mercado Bitcoin shared its plans in early July, tokenizing over $200 million RWAs in RWAs, including bonds and stock products on its XRP ledger. Last week, Vert debuted the credit protocol with a $130 million Agribusiness Coivablass certificate (CRA) on the XRP ledger.
Read more: Tokenized Credit Platform in Brazil’s Vert Debut XRP Ledger Issued $130 Million
