Brazil exchange Mercado Bitcoin to token a $ 200m to real-world assets in XRP Ledger
Latin American CryptoCurrency Exchange Mercado Bitcoin plans to take over $ 200 million in Real World Financial Assets (Rwas)including fixed instruments and equity instruments, in XRP ledger (XRPL).
The move marks one of the biggest efforts of the tokenization of a Latin American institution in XRPL, according to a press release.
The tokenization of real-world assets is expected to surge from approximately $ 0.6 trillion in 2025 to nearly $ 19 trillion by 2033, according to a 2025 Ripple and Boston Consulting Group report.
Mercado Bitcoin is a significant player in private credit tokenization space, with tokenize in Brazilian Real $ 1 billion (more than $ 185 million). The company also connects its ecosystem to a network widely adopted by more than 70 central banks, regulators, and major financial institutions around the world, the statement of the statement.
Ripple, a major contributor to XRPL, supports Mercado Bitcoin’s marriage. The two companies have previously cooperated, along with Mercado Bitcoin using ripple payments for cross-border treasury flows between Brazil and Portugal, and list RLUSD, a grade-grade, USD-denominated stablecoin, in its exchange.
“Mercado Bitcoin’s integration with XRPL shows how public blockchain infrastructure trusts institutions and becomes a reliable foundation for bringing regulated financial products to the market,” said Silvio Pegado, managing the director, Latam in Ripple in a statement.
“With the type of infrastructure that XRPL offers, it is possible to bring these properties in a way that meets the institution’s expectations for cost, speed, and compliance.”
