Mercado Bitcoin, one of many laregst fintech entites in Latin America, goes to launch its $200 million RWA tokenization initiative on XRP Ledger blockchain. This system spans numerous lessons of belongings, together with mounted earnings and fairness earnings devices.
Mercado Bitcoin tokenizes $200 million in RWAs on XRP Ledger
In keeping with the official assertion by Ripple, Mercado Bitcoin, a pioneering cryptocurrency companies platform in Latin America, proclaims its plans to tokenize $200 million of real-world belongings, together with mounted earnings and fairness earnings instruments.
In certainly one of LATAM’s largest tokenization efforts thus far, @MercadoBitcoin is bringing over $200M in real-world belongings onchain to the XRP Ledger, together with mounted earnings and fairness earnings devices. https://t.co/PhAoDfi8FC
The belongings will hook up with a community trusted by greater than…
Ripple-linked programmable blockchain XRP Ledger (XRPL) has been chosen as the technical basis for the initiative. With this move, Mercado Bitcoin becomes one of the world’s five largest tokenization operators.
The initiative is one of the largest tokenization efforts by a Latin American institution on the XRPL and a strategic move in MB’s international expansion to increase global liquidity and access to regulated digital products across South America and Europe.
Silvio Pegado, Managing Director, LATAM at Ripple, stresses that the region is of particular importance to his company’s expansion strategy:
Across Latin America, we’re seeing forward-looking institutions explore how tokenization can improve access and efficiency in financial markets. 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. With the kind of infrastructure the XRPL offers, it’s now possible to bring these assets onchain in a way that meets institutional expectations for cost, speed, and compliance.
Ripple, a key contributor to the XRPL, is focused on bringing high-quality, regulated assets on-chain and is supporting Mercado Bitcoin’s integration into the XRPL.
XRPL to fuel integration with speed, cost-effectiveness
XRP Ledger is well known for its fast and low-cost transactions and growing influence in the stablecoin segment. Since the launch of Ripple USD (RLUSD) dollar-pegged stablecoin, XRPL is one of the most important blockchains in the stablecoin vertical.
Mercado Bitcoin has also worked with Ripple by using Ripple Payments to facilitate cross-border treasury flows between Brazil and Portugal, and on the listing of RLUSD, an enterprise-grade, USD-denominated stablecoin on its exchange.
Mercado Bitcoin was the first client of the solution in the country, gaining access to a faster, more secure and cost-efficient international payments system.
