đ XRP Just Went Mainstream: Brazilâs VERT Drops $130M Tokenized Credit Bomb on XRP Ledger
Brazilian fintech VERT just fired the starting gun on institutional crypto adoptionâand theyâre betting big on XRP.
### The $130M Game-Changer
No âtesting the watersâ here. VERTâs launching a full-scale tokenized credit platform on the XRP Ledger (XRPL), locking in $130 million to prove blockchain finance isnât just for degenerate traders. The move positions XRPL as the go-to infrastructure for real-world asset tokenization in Latin Americaâs largest economy.
### Why TradFi Should Sweat
VERTâs platform cuts out the legacy banking middlemen by automating credit issuance via smart contracts. Borrowers get faster approvals; investors get transparent exposure to debt marketsâall settled in seconds thanks to XRPâs rail system. Take that, SWIFT.
### The Cynicâs Corner
Of course, $130M is couch money for JPMorgan. But for crypto? Itâs a mic drop momentâespecially when banks are still âexploring blockchainâ between golf rounds. XRP just became the backbone of Brazilâs debt market revolution. Watch the âuseless tokenâ crowd spin this one.
VERT Targets Brazilâs $200B Private Credit Market with Blockchain Transparency
VERTâs platform seeks to modernize Brazilâs $200 billion private credit market by offering full-cycle traceability, compliant metadata, and transparency for both investors and regulators.
The system blends blockchain transparency with the resilience of off-chain infrastructure, aiming to bridge traditional finance and decentralized networks.
âWe are enabling operation events to be recorded in the most granular way possible, ensuring traceability and transparency⌠approaching real time,â said Gabriel Braga, Director of Digital Assets at VERT.
The XRPLâs cost-efficient consensus mechanism and smart contract support through its EVM sidechain played a key role in the projectâs development.
VERT has launched a blockchain-based platform for structured credit, now live with a BRL 700M (~USD 130M) issuance on the XRP Ledger + EVM Sidechain. https://t.co/9Bir0575ft
The first asset is a CRA financing Brazilâs agribusiness sector, which contributes over 20% of theâŚ
Braga added that foreign investors are increasingly seeking greater visibility into how credit assets are structured and managed.
Rippleâs LATAM Managing Director Silvio Pegado emphasized the significance of the agricultural sector in Brazil and welcomed the initiative as a meaningful step toward better credit management.
âThis milestone demonstrates how blockchain technology, through the XRP Ledger, can serve as reliable infrastructure for modernizing financial markets that are foundational to national growth.â
XRP Perpetual Futures Open Interest Hits Record $8.8B
XRP saw a spike in notional open interest for its perpetual futures contracts last week.
Notional open interest, the total value of Leveraged positions held by traders, climbed to an all-time high of $8.8 billion, according to CoinGlass.
The figure corresponds to nearly 2.9 billion XRP in open contracts.
The previous record for XRP notional open interest stood at $8.3 billion, which was hit in late January before the start of former U.S. President Donald Trumpâs second term.
Across most venues, XRPâs funding rate was positive and climbing, signaling a market where longs are willing to pay shorts to maintain positions, a classic indicator of bullish sentiment.
As reported, the number of wallets holding at least 1 million XRP tokens has also surged to an all-time high.
Data shows that wallets holding 1 million or more XRP collectively control over 47.32 billion tokens.
Last month, Ripple CEO Brad Garlinghouse revealed the company plans to withdraw its cross-appeal against the SEC, adding that the regulator is also expected to drop its own appeal.
The announcement followed a US district court decision rejecting a joint request from Ripple and the SEC to reduce Rippleâs $125 million civil penalty and overturn the ruling that classified Rippleâs institutional XRP sales as securities transactions.
