Market News

Brazil Sets the Standard as VERT Integrates Ripple’s Blockchain into Finance

Brazil is taking significant strides in digital finance with VERT Capital's recent advancements.

The firm has transformed public pension payments into digital tokens using Ripple's XRP Ledger, creating a more secure and efficient payment system.

Recently, Ripple announced that VERT has successfully completed its second on-chain issuance, resulting in $40 million worth of tokenized assets on the blockchain.

This initiative is expected to expand to approximately $190 million, showcasing Brazil’s commitment to innovation in finance while protecting investors.

By leveraging the Ripple XRP blockchain and EVM sidechain, VERT ensures real-time transparency and compliance with Brazil's financial regulations.

The appeal of Ripple's swift cross-border payment system has captured the interest of various Brazilian businesses.

Gabriel Braga, VERT’s Director of Digital Assets, highlighted the significance of creating fully digital financial assets that enhance traceability and compliance.

VERT is collaborating with BYX to manage these pension-backed assets and is planning to introduce additional tokenized funds utilizing blockchain technology.

Moreover, VERT and Ripple's involvement in Brazil's LEAP program seeks to explore how blockchain can improve regulated markets.

This partnership aims to demonstrate how blockchain can streamline secondary trading of securities and enhance the efficiency of financial systems in Brazil and beyond.