Exchange of Latin American cryptocurrency Mercadoin Mercadoin plans to tokenize more than $ 200 million in real financial assets (Rwas)Including fixed income instruments and actions, on the large XRP book (XRPL).
This decision marks one of the greatest tokenization efforts by a Latin American institution on XRPL, according to a press release.
The tokenization of active active people should go from around $ 0.6 billion in 2025 to nearly 19 dollars by 2033, according to a 2025 Ripple and Boston Consulting Group report.
Mercado Bitcoin is already an important player in the tokenization space for private credit assets, having a tokenized token on the real Brazilian of $ 1 billion (about $ 185 million). The company also connects its ecosystem to a network widely adopted by more than 70 central banks, regulators and main financial institutions worldwide, the press release said.
Ripple, a key contributor to XRPL, supports the integration of Bitcoin Mercado. The two companies previously collaborated, with Mercado Bitcoin using undulation payments for cross -border treasury flows between Brazil and Portugal, and listed Rlusd, a quality grade stable and wording in USD, on its exchange.
“The integration of Bitcoin Mercadoin with XRPL shows how Blockchain’s public infrastructure is reliable by institutions and becomes a reliable base to provide regulated financial products on the market,” said Silvio Pegado, Director General of Latam at Ripple in a press release.
“With the type of infrastructure that XRPL offers, it is now possible to provide these assets in a chain in a way that meets institutional expectations in terms of cost, speed and compliance.”
Read more: Mercado Bitcoin, Polygon Labs seek to issue a value of $ 200 million in tokenized assets in Latin America
