VERT

What VERT does

VERT Capital is a privately held Brazilian financial services firm founded in 2016 in São Paulo by Fernanda Mello (CEO), Martha de Sá, and Victoria de Sá. The company provides end-to-end capital markets services — structuring, securitization, fund administration, asset management, and distribution — for structured credit instruments including CRA (Agribusiness Credit Notes), CRI (Real Estate Credit Notes), FIDC (Receivables Investment Funds), Debentures, Fiagro, FII, and commercial notes. Operations are conducted through regulated subsidiaries: VERT Securitizadora (CVM-authorized securitizer), VERT Gestora (asset manager), and VERT DTVM (fiduciary administration, distribution, and qualified custody), serving credit originators, institutional investors, and corporate borrowers across agribusiness, fintech, education, and real estate sectors.

The technology stack combines a proprietary blockchain-based tokenization platform (VERT Tokens, launched 2024) — the largest tokenizer on the XRP Ledger — with VERT Sign (blockchain-based automated digital signatures and stablecoin settlement), a developer API portal, and the VERS internal design system. Since 2016, VERT has completed 475+ structured operations totaling R$138 billion+ in volume, with R$95 billion+ under management or administration and R$3.84 billion tokenized on the VERT Tokens platform.

The business model rests on transaction fees (structuring, administration, and distribution commissions on each structured operation) and managed services (AUM-based fees on funds administered through VERT DTVM and managed via VERT Gestora), with bespoke, quote-based pricing and multi-year contracts. Go-to-market is enterprise field sales to mid-to-large credit originators and institutional investors, reinforced by event sponsorships (Uqbar Day, Blockchain Rio), thought-leadership content, and partnerships with Ripple, BYX, UISA, Moody's, Banco Central do Brasil, Gnosis, and PUC-Rio. Notable customers include Syngenta, Tereos, Creditas, RecargaPay, Mottu, and Pravaler.

Name

VERT

Legal name

VERT Capital

Website

https://vert-capital.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

VERT Capital is a privately held Brazilian financial services firm providing end-to-end structuring, securitization, fund administration, asset management, and blockchain-based tokenization services for structured credit, serving credit originators, institutional investors, and corporate borrowers in Brazilian capital markets.

Ownership category

akta.pro rank

Product category

Capital Markets & Structured Credit Services

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Asset-Backed Securities (6189), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Private Credit & Loan Tokenization Platforms (FSADAEAD)

akta.pro secondary industry

Tokenized Collateral & On-Chain Credit Infrastructure (Collateral Mgmt, Liquidations) (FSAGAMAK)

Keywords

• Structured credit services
• Securitization and fund administration
• Asset management and distribution
• Blockchain tokenization platform
• Capital markets advisory

Headquarters

HQ city

Pinheiros

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Structured Securitization Services: VERT earns fees for structuring securitization operations including CRA (Agribusiness Credit Notes), CRI (Real Estate Credit Notes), FIDC (Receivables Investment Funds), Debentures, Fiagro, FII, and commercial notes. Revenue is generated through structuring fees, administration fees, and distribution commissions on structured debt instruments.
2. Fund Administration: VERT DTVM provides fiduciary administration, distribution, qualified custody, asset controllership, and bookkeeping services for investment funds, earning fees based on assets under administration and transaction volumes.
3. Tokenization Services: VERT Tokens provides blockchain-based tokenization of structured credit operations, recording operations on-chain with fees for issuance, management, and tracking services.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

VERT Capital is a Brazilian financial services firm that provides end-to-end capital markets services including structuring, securitization, fund management, fiduciary administration, and distribution of structured credit instruments such as CRA, CRI, FIDC, Debentures, Fiagro, and FII. The company complements these services with proprietary technology including the VERT Tokens blockchain-based tokenization platform (largest on XRPL) and VERT Sign for automated digital signatures, serving enterprises, fintechs, and institutional investors in the Brazilian capital market.

Product overview

VERT is a Brazilian financial consulting firm offering an all-in-one platform for the capital market with proprietary technology, expertise, and experience for companies seeking to finance their ecosystems. The core portfolio includes structured credit instruments (CRA, CRI, FIDC, Debêntures, Fiagro, FII, CR, Notas Comerciais, Venture Debt) and technology products (VERT Tokens platform for blockchain-based tokenization, VERT Sign for automated digital signatures, VERS Design System for design guidelines, and VERT Developer Portal for API access). The company operates through specialized sub-brands: VERT Securitizadora for securitization operations, VERT Gestora for asset/fund management, and VERT DTVM for fiduciary administration, distribution, custody, and bookkeeping services. VERT Data Portal provides investor relations access to emissions and funds data.

Differentiator

Problem solved

Functional benefit

Brands

• VERT Securitizadora: Main securitization entity offering structured credit operations services
• VERT Gestora
• VERT DTVM
• VERT Tokens
• VERS Design System

Products and services

• VERT Tokens Blockchain-based tokenization platform that provides transparency, traceability, and efficiency to the Brazilian capital market by recording on-chain events, documents, and operations with daily updates from issuance to investor payment. Listed as the largest tokenizer on the XRP Ledger (XRPL) network. Targeted at originators, institutional investors, and fintechs seeking tokenized structured credit operations.
• VERT Sign Automated digital signature solution via blockchain (interface plus APIs) enabling automated and high-frequency subscriptions, batch subscriptions, flexible governance of signatories, real-time traceability, significant cost reduction, and automated settlement with stablecoins. Used by clients in structured credit operations.
• VERT Developer Portal (APIs) Developer portal providing API documentation and technical resources for integrating with VERT's financial services, tokenization platform, and structured credit operations. Enables third-party developers to access services programmatically.
• VERS Design System Design system created by VERT Tech's product team documenting end-to-end design guidelines for digital products, including branding, interface components using Atomic Design methodology, and resources/templates. Used internally for product development.
• CRA (Certificados de Recebíveis do Agronegócio) Agribusiness credit rights certificates (CRA) that raise capital for activities linked to the agribusiness sector. Structured and distributed by VERT for Brazilian agribusiness companies.
• CRI (Certificados de Recebíveis Imobiliários) Real estate credit rights certificates (CRI) that raise capital for activities linked to the real estate sector. Structured and distributed by VERT for real estate companies and developers.
• FIDC (Fundos de Investimento em Direitos Creditórios) Receivables investment funds (FIDC) that can be used by any sector of the economy for receivables anticipation. Structured and administered by VERT.
• Debêntures Corporate debt securities (Debêntures) that raise capital for companies from all sectors that are organized as S/A (sociedades anônimas / stock companies). Structured and distributed by VERT.
• Fiagro Agribusiness investment fund (Fiagro) focused on financing agro-industrial production chains. Structured and managed by VERT.
• FII (Fundos de Investimento Imobiliário) Real estate investment funds (FII) focused on financing initiatives related to the real estate market. Structured and managed by VERT.
• Notas Comerciais (Commercial Papers) Commercial papers (Notas Comerciais) targeted at limited liability companies (Ltda), stock companies (S/A), and cooperative societies for short-term debt financing. Structured and distributed by VERT.
• Venture Debt Non-convertible debt financing instrument that raises capital for companies, particularly growth-stage and technology companies. Structured by VERT.
• VERT Securitizadora Securitization entity providing complete financial services in structured operations, enabling the best connection between originators and investors. CVM-authorized.
• VERT Gestora Asset management entity offering structured fund management services with independent view and detailed portfolio monitoring capabilities for investment funds.
• VERT DTVM Investment fund trusteeship and controlling services, asset distribution to qualified investors, qualified custody, and bookkeeping services under CVM regulations. Provides fiduciary administration, distribution, custody, asset controllership, and bookkeeping services. ISO 27001 and LGPD compliant.
• VERT Tokens (Service Entity) Subsidiary entity providing blockchain-based asset tokenization services to the Brazilian capital market, including issuance, management, and tracking of tokenized credit operations on XRPL.

Quantifiable outcome

• R$ 138 billion+ in structured operations completed since founding
• +4 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core and flagship.

• BYXcoreTechnology or Integration · 5 August 2025Partnership with BYX for tokenization of structured credit operations, including a fund expected to reach R$1 billion in pension credit (crédito previdenciário), combining security and innovation on blockchain.
• RipplecoreTechnology or Integration · 12 May 2025Strategic partnership for tokenization of structured credit operations on the XRP Ledger (XRPL). VERT has become the largest tokenizer on XRPL, processing R$3.84 billion in tokenized operations. Partnership includes exploring XRPL's native DEX for secondary crowdfunding market development. Jointly exploring blockchain technology for credit structuration with real-time on-chain event recording.
• Banco Central do Brasil (BCB)flagshipStrategic or Co-development PartnerLIFT Challenge project selected among 9 implementations, focused on rural financing using tokenized assets with programmable value tied to Real stablecoin. VERT participates in BCB's innovation initiatives for digital currency and regulatory research.
• GnosiscoreTechnology or IntegrationResearch partnership on regulatory paths for native on-chain asset issuance, combined with BCB and PUC-Rio. Phase 2 participation in GAT 8 regulatory research project for blockchain-based financial instruments.
• PUC-RiocoreStrategic or Co-development PartnerAcademic partnership for research on regulatory paths for native issuance of on-chain assets. Combined effort with BCB and Gnosis exploring blockchain technology for capital markets innovation.
• FenasbaccoreStrategic or Co-development PartnerPartnership in LIFT Learning 2025 initiative, promoting tokenization of sustainable assets in Brazil for global investments, connecting rural producers to worldwide investors through blockchain and green finance.
• UqbarflagshipStrategic or Co-development PartnerOfficial sponsor of Uqbar Day 2025, the main financial innovation forum in Brazil. CEO Fernanda Mello participated as speaker on transparency and security in the securitization market. VERT received the first-ever Prêmio Uqbar de Transparência award.
• Moody'scoreStrategic or Co-development PartnerPartnership for events discussing structured credit market perspectives and opportunities. VERT and Moody's co-hosted event on structured credit's role in the economy and alternative financing.
• Gyra+ (Gyramais)coreChannel Partner/ Reseller/ DistributorVERT issued two Social Bond debentures for Gyra+ totaling R$170 million (R$50 million in October 2020 and R$120 million in June 2021) to fund small business credit operations during the pandemic period.
• UISAcoreTechnology or IntegrationPartnership to launch the first blockchain-tracked CRA (Agribusiness Credit Note) in Brazil on the XDC Network, driving financial traceability and efficiency in the capital markets.
• B3coreChannel Partner/ Reseller/ DistributorB3 partnership for ringing the opening bell to celebrate 20 years of B3, demonstrating VERT's prominent position in the Brazilian capital markets ecosystem.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• True Securitizadora: One of Brazil's largest securitization companies, offering CRA, CRI, FIDC, and debenture structuring and administration. Direct competitor to VERT Securitizadora with overlapping product set and customer base in Brazilian structured credit.
• Gaia Securitizadora: Brazilian securitization platform (formerly Brazilian Securities) providing structured credit operations, fund administration, and asset management across CRA, CRI, and FIDC — overlapping with VERT's full-stack securitization and fund management offering.
• Habitasec Securitizadora: Specialized Brazilian securitizadora focused on real estate and agribusiness credit (CRI/CRA), with comparable structuring and administration services to VERT's Securitizadora entity.
• Fortesec Securitizadora: Brazilian securitization company offering structuring and administration of securitized credit operations across multiple asset classes — competing directly with VERT in the mid-market structured credit segment.
• Fator Securitizadora: Brazilian securitization and asset management firm offering structuring and administration of CRA, CRI, and FIDC. Direct peer in mid-market securitization with similar institutional customer profile to VERT.

Emerging players

• Liqi Digital Assets: Brazilian tokenization platform that issues asset-backed tokens on blockchain, including structured credit and receivables. Closest emerging competitor to VERT Tokens in the Brazilian on-chain credit infrastructure space.
• Mercado Bitcoin: Largest Brazilian crypto exchange expanding into tokenization and digital asset services. Emerging peer in the Brazilian on-chain credit and RWA space where VERT Tokens competes.

Broad incumbents

• BTG Pactual: Largest Latin American investment bank with deep structured credit origination, securitization, asset management, and digital asset capabilities. Represents a much larger incumbent that competes with VERT across multiple service lines.
• XP Inc. Major Brazilian financial services platform with investment distribution, asset management, and fixed-income offerings. Competes with VERT DTVM's distribution business and Vert Gestora in serving Brazilian retail and institutional investors.
• B3 (Brasil, Bolsa, Balcão): Brazilian stock exchange and central counterparty that lists and trades VERT's structured products. Functions as both infrastructure partner and broader incumbent in Brazilian capital markets — relevant for understanding the ecosystem in which VERT operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@vertcapital
• LinkedInlinkedin.com/company/vertcapital
• Instagraminstagram.com/vertcapital_br
• Xx.com/vertcapital_br

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VERT