What is VERT building on the XRP Ledger for Brazilian private credit?

The full answer

What did Ripple state?

On July 23, 2025, Ripple stated the following. Ripple’s press release says VERT, a Brazilian securitization firm, launched a blockchain-based platform for private credit operations built on the XRP Ledger and its EVM Sidechain, debuting with a BRL 700 million (~USD 130 million) CRA issuance recorded onchain, with plans to expand to over USD 500 million in additional operations. [1]

The source’s own words: “VERT, one of Brazil’s leading securitization and fund management companies, has launched a blockchain-based platform for managing private credit operations, built on the XRP Ledger (XRPL)” [1]

Where does this fit on the site?

For the wider picture, see How is XRP kept secure if it isn’t mined? and What features does the XRP Ledger have today, and what new ones (like lending) are coming?. Two related questions are How much activity is on the XRP Ledger right now? and Is XRP Ledger usage growing or shrinking?