The global momentum behind RWA tokenization is moving from theoretical pilots to institutional-level implementation. As capital markets seek greater efficiency, transparency and global reach, Brazil is emerging as a key testing ground for this transformation.
This change is being driven by a unique combination of progressive regulation, a technology-savvy financial sector, and the pursuit of lower operating costs. At the heart of this movement is the XDC network, which provides the neutral public infrastructure needed to bridge the gap between local bond markets and global liquidity.
The dawn of the RWA era in Latin America
Tokenization is no longer a buzzword for the distant future. That is the operating reality in Brazil. Although many jurisdictions are still debating the legal framework for digital assets, Brazil’s central bank and Securities Commission (CVM) are fostering an environment where innovation can flourish.
The tokenization of bonds, especially bonds, represents a huge step forward. By digitizing these traditional assets, issuers can provide enhanced traceability and greater transparency, essential to attracting international institutional capital.
XDC Network positions itself as one of the leaders in this evolution. Unlike earlier blockchain experiments that focused on speculative assets, XDC was designed with international trade and finance in mind. It can process frequent transactions with minimal fees, making it ideal for scaling RWA projects that require high performance and reliability.
A USD 1 billion roadmap becomes visible.
VERT Capital, a leader in the Brazilian structured finance space, recently announced the successful tokenization of two major Brazilian corporate bonds on the XDC network. This announcement marks an important milestone not only for the companies involved, but also for the entire blockchain ecosystem.
This move effectively bridges the gap between different sectors of the economy, including Mottu, a growing leader in urban mobility and last-mile logistics in Latin America. A fast-moving, data-driven representative of Brazil’s new economy, Mottu has already tokenized approximately USD 60 million, with a total target of USD 93 million.
Complementing this innovation is the involvement of Banco Pine, a leading corporate and structured credit firm with a deep history of serving mid-market and large corporate clients. With current tokenized trading volume reaching approximately USD 268 million, Banco Pine’s participation is a strong signal that even the most established traditional financial institutions recognize the tangible value and efficiency of moving complex debt instruments to public blockchains.
Together, these transactions bring the total amount tokenized on XDC via VERT to approximately USD 375 million. This amount is significant even on a global scale. More importantly, it demonstrates the network’s ability to handle organizational level volume and complexity.
The partnership is now firmly on track to reach a target of USD 1 billion in assets on the XDC network by the end of 2026. This is a goal that solidifies XDC’s position as a global leader in the RWA space.
Public Blockchain: A Neutral Alternative to Private DLT
A key differentiator in these issuances is the choice of the XDC network as the public blockchain rather than a domain-specific private distributed ledger technology (DLT) network. For many years, the conventional wisdom in the banking industry was that individuals were safer. However, the industry is beginning to realize that private ledgers often end up re-establishing the very silos they were intended to destroy.
Private DLTs often try to emulate centralized systems. In doing so, you often miss out on the true efficiencies of decentralization, such as global interoperability and 24/7 availability, as well as the mature, optimized performance of the centralized architecture you’re trying to replicate.
They create walled gardens that require complex and expensive integration to communicate with each other.
In contrast, the XDC network acts as a neutral financial market infrastructure. It offers the best of both worlds.
Public accessibility: Anyone can see the state of the ledger, increasing trust and auditability. Institutional Governance: XDC leverages smart contract-level permissions to ensure full regulatory integrity. You can restrict access to certain features or assets to verified, KYC-compliant participants. Connectivity Layer: This approach positions tokenization not as a replacement for existing capital market systems, but as a layer of open infrastructure that connects local markets and global investor pools.
XDC enables regulated decentralization by embedding governance directly into the code, where the regulator’s rules are automatically enforced by the network protocol.
Riding the wave of innovation
The leaders behind this initiative see the current situation not as a temporary trend but as a fundamental shift in the plumbing of global finance.
“These issuances demonstrate how public blockchain infrastructure can add real value to traditional debt markets. By bringing bonds from companies like Mottu and Banco Pine to the XDC network, VERT is enhancing the transparency, traceability and global visibility of Brazilian assets while maintaining full regulatory alignment.”
—Diego Consimo, Head of Latin America, XDC Network.
“This is exactly how we see tokenization evolving: not as a replacement for existing systems, but as an open and neutral layer of infrastructure that connects regional capital markets to global investors.”
This vision of connecting rather than exchanging is key to adoption in organizations. This allows legacy systems to integrate with the blockchain at their own pace, gradually migrating functionality onto the chain as it becomes more reliable.
Gabriel Braga, director of digital assets at VERT Capital, sees technological change through a more intuitive lens. He points out that many traditional institutions are reacting to blockchain with fear, trying to build lifeboats to survive what they see as a devastating storm.
“Everyone can already see the huge wave of tokenization coming to the capital markets. The common reaction is to see it as a threat and create a one-size-fits-all lifeboat, hoping the next wave won’t be any bigger. The wave will get bigger. We have to see this as an opportunity and learn how to ride it out.”
Braga’s analogy highlights the difference between defensive innovation (private DLT) and offensive innovation (public blockchain). Those who learn to surf harness the power of waves and the fluidity and openness of public networks to travel faster and farther than those crowding into lifeboats.
Brazil as a global RWA leader
As these publications demonstrate, Brazil is no longer just a participant in the digital asset space, but a global frontrunner. The combination of high interest rates, sophisticated banking systems, and clear regulatory policies make it the perfect environment to scale RWA tokenization.
By leveraging the XDC infrastructure, Brazilian companies are achieving a level of global visibility previously reserved for the largest multinational corporations. This democratizes access to capital, allowing companies like Mottu to enter international markets as easily as blue-chip banks.
Looking to the future, the successful issuance of Mottu and Banco Pine serves as a blueprint for the next stage of financial evolution. As the XDC network continues to grow, it is strengthening its position as the preferred infrastructure for institutions that demand the benefits of a public, neutral ledger while operating within the strict boundaries of global financial regulation.
The path to USD 1 billion is not just a goal, but a testament to the fact that the future of finance is open, transparent, and built on XDC.
