In a significant step for blockchain adoption in Latin America, Brazilian asset manager VERT has launched a $40 million fund tokenized on the XRP Ledger (XRPL). The move highlights the growing integration of distributed ledger technology into traditional financial markets.

Bridging Traditional Assets and Digital Infrastructure

VERT’s new fund leverages the XRP Ledger to create digital representations of real-world financial assets. This process, known as tokenization, is designed to introduce greater efficiency, liquidity, and transparency to investment products. By building on a public blockchain, the initiative aims to modernize asset management and settlement processes.

The Strategic Choice of the XRP Ledger

The selection of the XRP Ledger underscores its established reputation for reliable and low-cost transactions. Developed for enterprise-grade financial applications, the network provides the speed and scalability required for tokenizing assets and managing financial instruments. This collaboration demonstrates a practical use case for the XRPL beyond its native digital asset, XRP.

A Key Development in Brazil’s Digital Economy

This launch aligns with Brazil’s broader push toward financial innovation. The country has been a hotbed for fintech development and is actively exploring a central bank digital currency. VERT’s tokenized fund represents a major private-sector milestone, showcasing how blockchain can be used to create new investment vehicles and enhance the country’s financial infrastructure.