Team Ripple
Brazil’s financial system is entering a new era of modernization, one powered by transparent and compliant blockchain-based infrastructure.
Just three months after launching its first on-chain structured credit platform on the XRP Ledger (XRPL) and XRPL EVM Sidechain, VERT Capital has completed its second tokenized transaction in partnership with Ripple. The new issuance expands the platform’s scope and brings a new class of regulated credit on-chain, showing that tokenization in Brazil is no longer an experiment, but an emerging market reality.
VERT’s latest operation represents Brazil’s first tokenized FIDC backed by public-pension receivables (INSS), a highly diversified, low-risk asset class tied to government pension payments. In Brazil, FIDCs are investment funds that bundle credit receivables into regulated financial products—similar to asset-backed securities—offering investors exposure to diversified income streams. Each receivable reflects a portion of monthly pension obligations owed by the federal government to retirees, providing investors with predictable, government-backed cash flows. Each receivable reflects a portion of monthly pension obligations owed by the federal government to retirees, providing investors with predictable, government-backed cash flows.
The fund currently holds more than BRL 200 million (~USD 40 million) in net assets and is expected to scale to BRL 1 billion (~USD 190 million) as institutional demand grows. The structure was developed with fintech partner BYX, which provides the analytical and technological backbone for managing pension-backed receivable portfolios. Together, the two firms plan to tokenize additional funds before year-end, further linking traditional credit origination with blockchain-based management and settlement.
Using the XRPL and its EVM Sidechain, VERT’s digital-credit platform records lifecycle events, documentation, and payments directly on-chain, enabling near-real-time auditability while complying fully with Brazilian securities regulations.
This second operation also introduces VERT Sign, a blockchain-based formalization and document-signing solution built on the XRPL EVM Sidechain. VERT Sign uses verifiable digital signatures and wallet-based execution to automate recurring receivables purchases securely, reducing manual intervention and operational risk.
“By bringing structured credit funds on-chain and automating key contractual processes, we are moving closer to a world where tokenized financial instruments are not just digital representations, but the assets themselves,” said Gabriel Braga, Director of Digital Assets at VERT. “This combination of traceability, compliance, and programmability lays the groundwork for a more efficient and supervised capital market.”
The collaboration between VERT and Ripple continues to show how public blockchain infrastructure can meet regulated-market standards. Both firms are now participating in the CVM’s LEAP program, a regulatory research initiative from Brazil’s Securities and Exchange Commission.
Through LEAP, VERT and Ripple aim to demonstrate how the XRPL’s native DEX can serve as shared infrastructure for secondary trading of crowdfunding securities, promoting interoperability between platforms, lowering supervisory costs, and enabling a more open, connected financial market.
“Brazil is proving that regulation and innovation can go hand in hand,” said Silvio Pegado, Managing Director, LATAM at Ripple. “By combining compliance-ready infrastructure with real-world use cases like VERT’s tokenized credit platform, the region is setting a global example for how on-chain finance can work in practice.”
VERT’s journey illustrates how quickly blockchain adoption can accelerate once the right foundations are in place. In less than a year, the firm has tokenized hundreds of millions of reals in structured credit, connecting institutional investors to transparent, programmable, and compliant financial instruments on-chain.
Over its nine years of operation, VERT has executed more than 390 structured-credit deals, totaling approximately BRL 104 billion issued and BRL 69 billion under management, a record that underscores how regulated finance and blockchain innovation are beginning to converge.
As Brazil advances toward a fully digital financial ecosystem, partnerships like VERT + Ripple are showing what that future looks like: open, interoperable, and built on trust.
Explore how the XRP Ledger is powering tokenization and real-world asset innovation across global markets.
Building Brazil’s Digital Credit Market: VERT Expands Tokenized Operations on XRPL
Crypto Interoperability: Why Global Regulatory Convergence is Key to Stablecoin Fungibility
Europe’s Next Growth Engine: Digital Assets and the Future of EU Competitiveness
Privacy, Scale, and the Future of Blockchain Finance
RLUSD in Africa: A New Chapter for Stablecoins and Financial Inclusion
What the UK-US Transatlantic Taskforce for Markets of the Future Means for the Crypto Industry
The Next Phase of Institutional DeFi on XRPL: Credit, Compliance, and Confidentiality
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Portable Spotted Chasing After Man On The Streets In Viral Clip  gistlover.com
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Written & Edited by
Kamina Bashir
Pi Coin (PI) has recorded a modest price increase over the past 24 hours as selling pressure continues to subside. Recent data indicates that nearly 10 million PI were withdrawn from exchanges in October.
The shift comes amid Pi Network’s latest authentication update, a key milestone aimed at enhancing user verification and ecosystem security. The rollout appears to have strengthened community confidence, driving a notable outflow of tokens from exchanges.
BeInCrypto Markets data showed that over the past 24 hours, the mobile-mined cryptocurrency has seen a 0.91% uptick in value. At press time, it was trading at $0.20.
While the broader trend for PI still remains bearish, the latest uptick highlights that the altcoin is gaining modest momentum. But what’s behind this rise?
Well, PiScan data showed that over 2.6 million Pi Coins have left exchanges over the past 24 hours. Overall, in October, users withdrew nearly 10 million tokens from exchanges. As a result, centralized exchange supply dropped to 410 million, down from 420 million in September, according to BeInCrypto’s September analysis.
When coins move off exchanges, it generally means holders don’t intend to sell soon. Traders and investors usually withdraw to hold long-term, indicating rising confidence in the asset’s future price.
The change in sentiment is not without reason. It comes amid a resolution of verification challenges, leading to renewed optimism.
After repeated complaints from users, Pi Network took a major step forward in its compliance infrastructure. The project launched a new automated system process designed to review and finalize tentative Know Your Customer (KYC) cases.
In its latest blog post, the team announced that the rollout led to the full verification of over 3.36 million additional Pioneers. Out of the newly verified accounts, around 2.69 million Pioneers have already migrated to the Pi Mainnet blockchain. Furthermore, the new process made 4.76 million Tentative KYC’d Pioneers eligible for full verification.
“This large-scale system process includes complex mechanisms using advanced AI models and analyzing large datasets from liveness checks and KYC application data. It is designed to analyze Tentative KYC cases to verify both that each applicant is a real, living person and that their application passes the additional checks required to fully pass KYC,” the blog reads.
This improved approach strengthens digital compliance and energizes the Pi Network for wider engagement. While confidence in network integrity rises, risks for PI remain.
Over 121 million tokens will be unlocked in the next 30 days, increasing the chance of supply shocks. Thus, the coming weeks will reveal whether Pi Network’s compliance and accumulation sustain positive momentum or if broader headwinds will challenge price stability again.
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Sikkim State Lottery Results Today – 24th October, 2025 – Sikkim Lottery Sambad Result Live Update  The Sentinel – of this Land, for its People
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A Ripple co-founder just made a big move that has some crypto investors feeling nervous.
When a crypto whale's wallet starts moving a lot of coins, the reflex is to assume someone knows something you don't — and that kind of hunch can develop into a bad feeling very quickly. Just such a situation is developing for many investors in XRP (XRP +3.97%), which, as a reminder, is issued by a company called Ripple.
On Oct. 20, a wallet linked to Ripple co-founder Chris Larsen sold around 50 million XRP worth approximately $120 million, leading many crypto watchers to fret about the implications of key insiders potentially exiting the coin. Is XRP still worth buying in light of this move, or is Larsen's sale a harbinger of hard times ahead?
Image source: Getty Images.
Explaining the sale of his tokens, Larsen publicly said that his intention is to invest the funds into Evernorth, a newly announced digital asset treasury (DAT) business that aims to go public soon, and that will buy and hold XRP at scale. In other words, what looks like him dumping his coins today is actually a strategic move that's meant to provide seed funding to a buyer of at least the same size tomorrow. Evernorth won't be the first XRP treasury company, but it will be the largest one, assuming it actually does go public.
As of now, it plans to do that via a merger with a special purpose acquisition company (SPAC), and raise more than $1 billion in the process, with a mandate to use those funds to purchase XRP on the open market. The transaction is slated to close in the first quarter of next year if everything goes according to plan. One key investor in Evernorth is the SBI Group, a Japanese conglomerate with a financial services business that has a long-running relationship with Ripple, and which engaged in a pilot program using XRP starting in 2021.
The advent of another treasury company that will buy and hold XRP is an unambiguously good thing for the crypto. The fact that Larsen chose to sell some of his holdings to fund Evernorth is thus nothing to worry about whatsoever.
This is a case study in incentives. While the optics of an insider moving coins around can (and usually does) generate some negative sentiment toward the cryptoasset in question, as transfers can be asset sales, in this case, the stated aim of the move is to help fund a vehicle that's purpose is to buy XRP and keep it for years. That program has the potential to generate net demand and constrain the float, putting upward pressure on XRP's price. Assuming Evernorth's bid to go public works out, and it executes on its treasury strategy as described, the setup here is mildly bullish for long‑term holders.
There's another favorable aspect. Evernorth, assuming it goes public with the targeted amount of funding and uses nearly all of it to buy XRP at the prevailing market price, will later be able to engage in on-chain lending, liquidity provisioning, or other yield-generating on‑chain activity. With a capital base of approximately $1 billion, it would be a substantial new player on the network.
Plus, given Evernorth's close relations with Ripple, it could act as a showcase for institutional investors in terms of the value of core chain features, such as those for regulatory compliance. Having Evernorth as a marketing example could thus help to attract more capital to the XRP Ledger — and that's beyond the influx it will bring if it succeeds in going public and allocating its fiat currency capital as it aspires to. Of course, it's also possible that the bid to take Evernorth public will fail, but that would be a surprising outcome.
So, when paired with Ripple's ongoing efforts to develop the XRP Ledger into a piece of technology that appeals to financial institutions, this coin is definitely still worth buying. However, you should keep your expectations for how Evernorth's eventual purchases will impact the XRP's price fairly low at first. Its tightening of the outstanding supply of XRP will take a while to feed through into higher prices.
Alex Carchidi has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends XRP. The Motley Fool has a disclosure policy.
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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             <span>© 2025 Coinspeaker LTD.</span>                 <span>ALL RIGHTS RESERVED.</span>             <br>Evernorth Holdings Inc., has secured 261 million XRP for its treasury move, as it plans to go public on Nasdaq through a merger with Armada Acquisition Corp II.<br>Ripple-backed digital asset treasury firm, Evernorth Holdings Inc., has joined the likes of VivoPower International, Trident Digital Tech Holdings, and Webus, which have been stockpiling XRP     <a href="https://www.coinspeaker.com/coins/xrp/" class="coinlive">         <span class="coinlive__badge">             <span class="coinlive__ticker">XRP</span>             <span class="coinlive__price value-growth">$2.48</span>         </span>         <span class="coinlive__dropdown">                        <span class="coinlive__row coinlive__vol24">                 <span>24h volatility:</span>                 <span class="value-growth">3.9%</span>             </span>             <span class="coinlive__row">                 <span>Market cap:</span>                 <span>$148.68 B</span>             </span>             <span class="coinlive__hr"></span>             <span class="coinlive__row">                 <span>Vol. 24h:</span>                 <span>$3.25 B</span>             </span>         </span>     </a>  .<br>The firm allegedly holds approximately 261 million XRP, which is worth $639.45 million, based on the current price of the coin.<!----> <!-- Google adSense --> <!--<script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-4826868851612784"      crossorigin="anonymous"></script> <ins class="adsbygoogle"      style="display:block; text-align:center;margin-top:20px;margin-bottom:5px"      data-ad-layout="in-article"      data-ad-format="fluid"      data-ad-client="ca-pub-4826868851612784"      data-ad-slot="2123345046"></ins> <script>
 (adsbygoogle = window.adsbygoogle || []).push({});

–>
On October 20, Evernorth hinted at its plans to go public on the Nasdaq stock exchange through a merger with a Special-purpose Acquisition Company (SPAC) called Armada Acquisition Corp II (ticker: AACI).
Under this deal, it expects to raise over $1 billion in gross proceeds from SBI Holdings, Pantera Capital, Ripple Labs, GSR, and Kraken.
On X, XRP Ledger dUNL Validator known as Vet, confirmed that Evernorth now has 261 million XRP, suggesting that some partners have redeemed their commitment.
Chris Larsen, Ripple’s co-founder and Executive Chairman, had promised to invest 50 million XRP tokens worth $124.5 million into this Evernorth deal. Net proceeds are dedicated to open-market acquisitions of XRP.
Vet noted that Larsen has sent in his quota, while Ripple sent 211 million and 319,000 XRP in two transactions. Uphold exchange is another entity that has fulfilled its contribution to the deal.
Evernorth has now 261M XRP. Who has sent XRP so far?
> Ripple send two payments, 211M and 319k XRP
> Chris Larsen sent 50M XRP
> Uphold exchange acc sent 199k XRP
> Jana label 🏷️ acc sent 300k XRP
That’s all in XRP, no stables. pic.twitter.com/vyqzl7d9vf
— Vet 🏴‍☠️ (@Vet_X0) October 23, 2025

The fundraiser is billed to close in Q1 2026, although it is still subject to regulatory and shareholder approvals. With the secured capital, Evernorth will create an XRP-based treasury.
This is likely to be the world’s largest publicly traded institutional XRP treasury, focused on the accumulation and management of the top digital asset.
Broadly, XRP has garnered admiration among investors and traders. It boasts the position as the fifth-largest cryptocurrency by market cap around $146.61 billion at the time of this writing.
Its price is 2.07% high in the last 24 hours and resting at $2.45. This is quite significant considering that the broader cryptocurrency market is currently in a fragile period.
The news about Evernorth’s investment may have contributed to boosting the price of XRP, but a further increase is expected soon. On-chain data and market sentiment suggest a potential XRP turnaround may be near.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
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October 24th, 2025
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1. Inflation rate hit 3.0% in September, lower than expected, long-awaited CPI report shows  CNBC
2. Inflation climbs again. What it means for Fed rate cuts, Social Security, and your wallet  USA Today
3. Inflation expected to reach highest level in more than a year  ABC News – Breaking News, Latest News and Videos
4. Trump administration set to release key September inflation data despite government shutdown  NBC News
5. Inflation rises in September, with gas up 4.1%  qz.com

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Winning numbers drawn in Thursday’s New Jersey Pick 4 Evening  Norwalk Hour
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Here we are in 2025, and it seems like traditional payroll systems are really struggling with all those delays and ridiculous fees. But guess what? XRP and stablecoins are coming to the rescue. Companies are starting to pay their global teams instantly, and low-cost payments are making their way into the payroll world. I mean, it’s about time, right?
XRP is pretty much the star of the crypto show when it comes to speed and cost. Forget about waiting days for your money to move around the globe. With XRP, transactions settle in just 3-5 seconds. That’s a game changer for payroll, allowing businesses to get that cash in their employees’ hands pronto. Oh, and did I mention the transaction fees? Just a fraction of a cent, compared to that 2-5% you usually get hit with for bank transfers.
Of course, we have to deal with the crypto volatility, right? But stablecoins are coming in clutch here. They’re pegged to fiat currencies, so you know your employees aren’t going to lose money while waiting for payday. This is especially useful for companies with international teams since it reduces the risk of currency fluctuations.
We can’t ignore the legal side of things. XRP’s partnerships with big financial institutions help it get a seat at the table when it comes to payroll solutions. Ripple’s recent legal wins have also helped, with the SEC finally admitting that XRP is a utility token. This gives businesses a little more confidence in using XRP for payroll, which could lead to more companies making the switch.
XRP’s tech is also a big plus. The XRP Ledger works nicely with existing financial systems, and you can automate payroll, which is a nice touch. Programmable payroll and cross-chain compatibility make it flexible enough to fit different needs. Plus, there are tools for identity verification and compliance, so businesses can stay on the right side of the law.
And it’s not just theoretical. Companies are already using XRP and stablecoins for payroll, and they’re seeing the benefits. Freelancers are getting paid instantly, and employees in countries with unstable currencies are keeping their purchasing power intact. This isn’t just a trend; it’s a real shift in how payroll works.
Yeah, XRP and stablecoins are changing the payroll game for the better. With instant payments and protection against volatility, this is a big step up from the old way of doing things. As regulations get clearer and partnerships strengthen, XRP looks like it’s here to stay in the payroll world. If you’re a business looking to modernize, you might want to consider this combo for your payroll needs.

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Someone who won $50,000 playing Powerball in Massachusetts hasn’t come forward to claim their prize — and it’s about to expire.
The $50,000 prize was won Nov. 20, 2024, during a jackpot drawing for $155 million. The winning ticket was bought at the New Capital Farms Convenience Store, located at 554 Boston Post Rd. in East Marlborough.
The winning numbers on the ticket, which was bought as a Quic Pic, are 16, 30, 60, 62 and 64, and Powerball number 25. This ticket matched four out of the five numbers and the Powerball number drawn.
Powerball prize winners have one year from the date of the drawing to claim their prize and if it goes unclaimed, it will expire. Prizes that expire become part of the net profit returned to the state for distribution to towns and cities.
Prizes up to $103,000 can be claimed at Massachusetts State Lottery claim centers located in Braintree, Dorchester, Lawrence, New Bedford, West Springfield and Worcester.
Powerball drawings are held every Monday, Wednesday and Saturday. The cost of each play is $2. Players pick five out of 69 numbers and a Powerball number between 1 and 26, or can choose computer-generated numbers through the Quic Pic option.
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