Bitcoin Market, one of the largest cryptocurrency exchanges in Latin America, is associated with Polygon Labs to expand the tokenization of real world assets (RWAS) in the region.
The initiative aims to issue more than $ 200 million in tokenized assets this year, rather than duplicate the current total platform.
The association focuses on integrating Polygon’s Blockchain infrastructure into the Bitcoin Market Tokenization process, according to a press release shared with Coindesk.
“The Polygon Red allows rapid and affordable transactions, positioning MB as a technological and financial leader in both Latin America and around the world,” said Tota Fabricio, vice president of new Bitcoin market businesses.
Since its launch of its asset tokenization unit, MB Tokens, Bitcoin Market, based in São Paulo, has issued more than 340 tokenized products, for a total of approximately $ 180 million. These include private tokenized credit, fixed income instruments and income products.
