Latin American cryptocurrency exchange Mercado Bitcoin is set to tokenize over $200 million in real-world financial assets (RWAs) on the XRP Ledger (XRPL). This initiative represents one of the largest tokenization efforts undertaken by a Latin American institution on XRPL, as stated in a recent press release.
Key points to note:
- Mercado Bitcoin, a prominent player in the private credit asset tokenization market, has previously tokenized more than 1 billion Brazilian Real (approximately $185 million).
- The company has utilized Ripple Payments for cross-border treasury flows between Brazil and Portugal.
The tokenization of real-world assets is anticipated to grow significantly, from approximately $600 billion in 2025 to nearly $19 trillion by 2033, according to a 2025 report by Ripple and the Boston Consulting Group.
Mercado Bitcoin’s integration with the XRPL is supported by Ripple, which has previously collaborated with Mercado on cross-border transactions and the listing of RLUSD, a USD-denominated stablecoin.
“Mercado Bitcoin’s integration with the XRPL shows how public blockchain infrastructure is being trusted by institutions, becoming a reliable foundation for regulated financial products,” stated Silvio Pegado, Managing Director of Ripple for LATAM.
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