Mercado Bitcoin Partners with Polygon Labs to Launch $200 Million in Tokenized Assets
The collaboration between Mercado Bitcoin and Polygon Labs aims to enhance the availability of tokenized private credit and various real-world financial assets throughout Latin America.
Overview
Mercado Bitcoin, one of the largest cryptocurrency exchanges in Latin America, is collaborating with Polygon Labs to broaden the tokenization of real-world assets (RWAs) throughout the region. The goal is to issue more than $200 million in tokenized assets this year, effectively doubling the platform’s current total.
- Key points:
- Mercado Bitcoin’s tokenization unit, MB Tokens, has already launched over 340 tokenized products, valued at approximately $180 million.
- The partnership will leverage Polygon’s blockchain to enhance transaction efficiency and reduce costs.
Quotes
“The Polygon network enables fast and affordable transactions, positioning MB as a technological and financial leader both in Latin America and globally,” said Fabrício Tota. Translation: ‘The Polygon network allows for quick and cost-effective transactions, making MB a tech and financial frontrunner not just in Latin America, but worldwide.’
Mercado Bitcoin aims to revolutionize access to tokenized private credit, fixed-income products, and revenue-sharing investments, setting a new precedent in digital asset trading in Latin America.
