The Brazilian Green Securing Company has launched a private credit platform based on blockchain on the big XRP book, making its debut with a real Brazilian real of 700 million (around $ 130 million) of an agro-industry certificate (CRA), by communication.
The CRA, a key instrument used to group the future cash flow flows in the Brazil agricultural sector was recorded on the chain using XRPL and its EVM Sidechain Compatible and Ethereum compatible, allowing real -time monitoring of cash flows, loan events and payments.
The new green platform aims to modernize the private credit market of 200 billion dollars in Brazil by offering end-to-end life cycle traceability, storage of compliant metadata and real-time updates for investors and regulators.
The company declares that the system incorporates both chain recording and redundancy outside the chain, thus rethinking the regulated financial infrastructure of Brazil with blockchain rails.
“We allow the events of the operation to be recorded in the most granular way possible, ensuring traceability and transparency … Approaching in real time,” said Gabriel Braga, director of digital assets of Green.
The low -cost consensus design at low cost from the XRPL, in parallel with its EVM compatibility, has enabled automation and auditability of intelligent contracts. Foreign investors, noted Braga, has increasingly demanded this level of operational transparency.
The announcement marks another stage of the Rwa of Ripple’s RWA strategy, which focused on the use of the Book XRP to take care of the active world token in the world credit markets.
“Agro-industry plays an essential role in the Brazilian economy, and improving the way in which credit is structured and followed in this sector is significant progress,” said Silvio Pegado, CEO of Ripple Latam, in the press release.
