1 month ago
Latin American cryptocurrency speech Mercado Bitcoin plans to tokenize implicit $200 cardinal successful existent satellite fiscal assets (RWAs), including fixed income and equity instruments, connected the XRP Ledger (XRPL).
The determination marks 1 of the largest tokenization efforts by a Latin American instauration connected XRPL, according to a property release.
The tokenization of real-world assets is projected to surge from astir $0.6 trillion successful 2025 to astir $19 trillion by 2033, according to a 2025 study by Ripple and Boston Consulting Group.
Mercado Bitcoin is already a important subordinate successful the backstage recognition plus tokenization space, having tokenized implicit brazilian existent $1 cardinal (approximately $185 million). The institution besides connects its ecosystem to a web wide adopted by implicit 70 cardinal banks, regulators, and large fiscal institutions globally, the property merchandise stated.
Ripple, a cardinal contributor to the XRPL, is supporting Mercado Bitcoin's integration. The 2 companies person antecedently collaborated, with Mercado Bitcoin utilizing Ripple Payments for cross-border treasury flows betwixt Brazil and Portugal, and listing RLUSD, an enterprise-grade, USD-denominated stablecoin, connected its exchange.
"Mercado Bitcoin’s integration with the XRPL shows however nationalist blockchain infrastructure is being trusted by institutions and is becoming a reliable instauration for bringing regulated fiscal products to the market,” said Silvio Pegado, managing director, LATAM astatine Ripple successful a statement.
“With the benignant of infrastructure the XRPL offers, it’s present imaginable to bring these assets on-chain successful a mode that meets organization expectations for cost, speed, and compliance."
Read more: Mercado Bitcoin, Polygon Labs Look to Issue $200M Worth of Tokenized Assets successful Latin America
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