Brazilian Crypto Exchange 'Mercado Bitcoin' Announces Plans for Stock and Bond Tokenization
Son Min
Summary
- The Brazilian crypto exchange 'Mercado Bitcoin' announced a plan to tokenize real world assets (RWA) such as stocks and bonds.
- Mercado Bitcoin revealed its plan to additionally tokenize stocks and bonds worth $200 million on the XRP Ledger.
- The media outlet stated that this is one of the largest RWA projects in Latin America and projected the RWA market could grow to $19 trillion by 2033.
The Brazilian crypto exchange 'Mercado Bitcoin' has announced plans for real world asset (RWA) tokenization for stocks and bonds.
According to CoinDesk on the 7th (local time), 'Mercado Bitcoin' revealed its plan to additionally tokenize stocks and bonds worth $200 million on the XRP Ledger (XRPL). Previously, Mercado tokenized $185 million worth of private credit assets.
The outlet stated, "This project is one of the largest RWA initiatives being carried out by a Latin American company on the XRP Ledger," adding that "the RWA market is projected to grow to $19 trillion by 2033."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
