VERT Capital Plans to Tokenize $1 Billion in Debt on XDC Network
VERT Capital plans to tokenize up to $1 billion in debt and receivables on the XDC Network, enhancing the use of public blockchain in structured finance. Key points include:
- Migration of corporate debt, agribusiness receivables, and structured credit products on-chain over the next 30 months
- Transformation of traditional structured assets into digital assets with global liquidity
- XDC Network features two-second settlement times and ISO 20022 messaging support
- Increased interest from traditional financial institutions in blockchain for moving financial instruments
- Tokenized assets projected to reach multiple trillion-dollar market by 2033
- Brazil identified as a key hub for asset tokenization in Latin America
Recent initiatives include Mercado Bitcoin's plan to tokenize over $200 million in real-world assets on the XRP Ledger and VERT's recent credit protocol launch with a $130 million issuance.