The Brazilian financial consulting firm, VERT Capital, has now pushed the country’s digital finance to the next level. It advanced payment system with blockchain by turning public pension payments into digital tokens on XRP Ledger’s secure system.
Ripple announced on Friday that VERT has completed its second on-chain issuance and brought $40 million worth of these tokenized assets on the blockchain, and expects this to grow to about $190 million. With this new initiative, Brazil developed its blockchain utility with strong rules to protect investors, while making finance smoother and more modern.
Using the Ripple XRP blockchain and EVM sidechain, VERT digitally records all key events, documents, and key transactions for these funds. This allows for real-time transparency while staying compliant with Brazil’s financial regulations.
Ripple’s cross-border quick payments system has drawn multiple Brazilian firms’ attention, including Mercado Bitcin and Unicâmbio.
Gabriel Braga, VERT’s Director of Digital Assets, said this merger between blockchain and commerce has made the financial asset fully digital and not just copies of the traditional ones. “This combination of traceability, compliance, and programmability lays the groundwork for a more efficient and supervised capital market,” he added.
VERT is working with BYX to manage and analyze the pension-backed assets. Together, they aim to launch more tokenized funds using blockchain technology.
Embracing the partnership even further, VERT and Ripple are now participating in LEAP, a program by Brazil’s Securities and Exchange Commission (CVM) to explore how blockchain can improve in regulated markets.
Their main goal is to show how blockchain can simplify the secondary trading of securities, cut supervision 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-world markets. He added, “By combining compliance-ready infrastructure with real-world use cases like VERT’s tokenized credit platform, the region is setting a global example for how on-chain finance can work in practice.”
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