Latin American cryptocurrency exchange (RWAS)including fixed income and equity instruments, in the Book Mayor XRP (XRPL).
The movement marks one of the largest tokenization efforts of a Latin American institution in XRPL, according to a press release.
It is projected that the tokenization of real world assets will obtain approximately $ 0.6 billion in 2025 to almost $ 19 billion by 2033, according to a 2025 report by Ripple and Boston Consulting Group.
Mercado Bitcoin is already a significant player in the private credit asset tokenization space, having touched over $ 1 billion Brazilians of $ 1 billion (approximately $ 185 million). The company also connects its ecosystem with a network widely adopted by more than 70 central banks, regulators and main financial institutions worldwide, according to the press release.
Ripple, a key taxpayer for the XRPL, is compatible with Bitcoin market integration. The two companies have previously collaborated, with Mercado Bitcoin using wave payments for cross -border treasury flows between Brazil and Portugal, and listing RLUSD, a business level stablinin and called in USD, in their exchange.
“Bitcoin market integration with the XRPL shows how the public blockchain infrastructure is being reliable in institutions and is becoming a reliable base to bring financial products regulated to the market,” said Silvio Piño, LATAM managing director in Ripple in a statement.
“With the type of infrastructure offered by XRPL, it is now possible to carry these assets in the chain in a way that meets the institutional expectations of cost, speed and compliance.”
Read more: Bitcoin Market, Polygon Labs seeks to issue tokenized assets worth $ 200 million in Latin America
