Latin American cryptocurrency change Mercado Bitcoin plans to tokenize over $200 million in actual world monetary property (RWAs), together with fastened earnings and fairness devices, on the XRP Ledger (XRPL).
The transfer marks one of many largest tokenization efforts by a Latin American establishment on XRPL, in accordance to a press launch.
The tokenization of real-world property is projected to surge from roughly $0.6 trillion in 2025 to almost $19 trillion by 2033, in accordance to a 2025 report by Ripple and Boston Consulting Group.
Mercado Bitcoin is already a big participant in the personal credit score asset tokenization house, having tokenized over brazilian actual $1 billion (roughly $185 million). The firm additionally connects its ecosystem to a community extensively adopted by over 70 central banks, regulators, and main monetary establishments globally, the press launch acknowledged.
Ripple, a key contributor to the XRPL, is supporting Mercado Bitcoin’s integration. The two firms have beforehand collaborated, with Mercado Bitcoin utilizing Ripple Payments for cross-border treasury flows between Brazil and Portugal, and itemizing RLUSD, an enterprise-grade, USD-denominated stablecoin, on its change.
“Mercado Bitcoin’s integration with the XRPL shows how public blockchain infrastructure is being trusted by institutions and is becoming a reliable foundation for bringing regulated financial products to the market,” said Silvio Pegado, managing director, LATAM at Ripple in a statement.
“With the kind of infrastructure the XRPL offers, it’s now possible to bring these assets on-chain in a way that meets institutional expectations for cost, speed, and compliance.”
Read extra: Mercado Bitcoin, Polygon Labs Look to Issue $200M Worth of Tokenized Assets in Latin America