Mercado Bitcoin, certainly one of Latin America’s largest cryptocurrency exchanges, is teaming up with Polygon Labs to broaden the tokenization of real-world belongings (RWAs) in the area.
The initiative goals to concern greater than $200 million in tokenized belongings this 12 months, greater than doubling the platform’s present complete.
The partnership focuses on integrating Polygon’s blockchain infrastructure into Mercado Bitcoin’s tokenization course of, in keeping with a press launch shared with CoinDesk.
“The Polygon community permits quick and inexpensive transactions, positioning MB as a technological and monetary chief each in Latin America and globally,” mentioned Fabrício Tota, Mercado Bitcoin’s vp of recent enterprise.
Since launching its asset tokenization unit, MB Tokens, São Paulo-based Mercado Bitcoin has issued greater than 340 tokenized merchandise, totaling roughly $180 million. These embrace tokenized non-public credit score, fixed-income devices, and revenue-sharing merchandise.
