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.
VERT Brings $40M Tokenized Assets
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.
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