Mercado Bitcoin, a major crypto exchange in the Latin America region, announced on Friday that it was tokenizing $ 200 million in real-world assets (RWW) in the XRP Ledger (XRPL).
The Real-world assets include tokenized fixed income and financial instruments of equity, according to a announcement From Ripple, the blockchain company that launched XRPL.
A report published by the Boston Consulting Group and the Blockchain company that has —forecast the Tokenized RWA Market to worsen a $ 19 trillion market capitalization by 2033.
The deal comes in the middle of a combined -joint effort from the crypto industry and asset managers to Create regulatory clarity for tokenized equities and other RWAs in the United States, as companies expand their signs offering and Include tokenized asset trading on existing platforms.
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Ondo Finance, a decentralized financial protocol (DEFI), Oasis Pro’s tokenized asset firm On Friday on a bid to expand its existence in the emerging RWA sector.
“The Oasis Pro is one of the first US-regulated alternative trading systems authorized to support the settlement of digital security in both Fiat and Stablecoins,” ondo Finance write.
Centrifuge, a blockchain firm dedicated to integration of RWAs in defi protocols, announced plans on Tuesday to I -Kenize the S&P 500 Stock Market IndexA weight collection of 500 largest companies listed in public in the US stock market.
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In January, Larry Fink, the CEO of Blackrock, the world’s largest wealth manager with approximately $ 11.4 trillion in possessions under management, encouraged the United States Securities and Exchange Commission (SEC) to the Approve stock and bond tokenization.
John Murillo, Chief Business Officer of FinTech Company B2Broker, said the tokenized instruments of equity are In a regulatory gray zone and lack of many of the rights granted to those who hold traditional equality.
“There is no direct claim to the company’s ownership, no voting rights, and no access to internal financial information,” the executive wrote in an email sent to the cointelegraph.
Investors should understand the fine printing of each individual tokenized RWA instrument they are looking at to understand if there are any cash flows, dividends, legal stipulations, or intelligent contract risks to any prospect investment, the executive added.
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