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Brazilian financial infrastructure company Celcoin has acquired VERT Capital, an independent capital markets services provider, to enter Brazil's capital markets. The exact terms of the deal have not been disclosed. This acquisition adds structured credit, securitization, fiduciary administration, and fund management to Celcoin's platform.

Celcoin has completed the acquisition of VERT's securitization and asset management businesses, though its securities distributor still requires approval from Brazil's Central Bank. Celcoin plans to invest $94 million over the next three years, including $38 million in technology. Following the acquisition, the company anticipates reaching $151 million in annual recurring revenue by 2026.

Established ten years ago, VERT employs around 240 people and has issued $27 billion across more than 490 transactions. It manages approximately $18 billion in assets and also provides asset tokenization services. VERT is Celcoin's seventh acquisition since 2022. Celcoin currently serves over 800 clients, and its credit infrastructure originates more than $190 million per month.