Latin American cryptocurrency exchange Mercado Bitcoin plans to provide more than $200 million in real-life financial assets (RWA)including fixed income and equity instruments, XRP ledger (xrpl).
The move marks one of the largest tokenization efforts of Latin American institutions on XRPL, according to the press release.
Tokenization of real-world assets is expected to soar from about $0.6 trillion in 2025 to nearly $19 trillion in 2033, according to the 2025 report from Ripple and Boston Consulting Group.
Mercado Bitcoin is already a major player in the field of private credit asset tokenization and has paid tokens on Brazil’s real $1 billion (approximately US$185 million). The company also links its ecosystem to a widespread network of more than 70 central banks, regulators and major financial institutions around the world, the release said.
Ripple, a key contributor to XRPL, supports Mercado Bitcoin integration. The two companies have worked together before, Mercado Bitcoin uses ripple payments between Brazil and Portugal and lists enterprise-class, USD-founded Stablecoin Rlusd on its exchange.
“Mercado’s integration of Bitcoin with XRPL shows how institutions trust public blockchain infrastructure and have become a reliable basis for bringing regulated financial products to market,” said Silvio Pegado, managing director of Ripple LATAM, in a statement.
“With the infrastructure provided by XRPL, these assets can now be brought to the chain in a way that meets expectations for cost, speed and compliance agencies.”
Read more: Mercado Bitcoin, Polygon Labs wants to issue $200 million in token assets in Latin America
