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Brazil's VERT issues $130 million agricultural bonds on the XRP Ledger
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 initial issuance, successfully raising 700 million Brazilian Reais (approximately 130 million USD) in agricultural receivable 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.