Odaily News VERT Capital, a Brazilian credit structure and securities finance company, plans to tokenize up to $1 billion in debt and receivables on the XDC network. As part of the transaction, the two companies will transfer financial instruments such as corporate debt, receivables from agribusiness enterprises, and structured credit products onto-chain over the next 30 months. (CoinDesk)

According to Jinse Finance and CoinDesk, Brazilian securitization company VERT has launched a private sale credit platform on the XRP Ledger blockchain and completed its first issuance, successfully raising 700 million Brazilian Reais (about 130 million USD) in agricultural receivables certificates (CRA). The platform aims to modernize Brazil's $200 billion private credit market, enhancing transaction transparency and traceability through blockchain technology, providing more reliable information for investors and regulators.