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Latin American exchange of Mercado Bitcoin cryptocurrency plans to tokenize more than $ 200 million in real world financial assets (Rwas)Including fixed income and capital instruments, on the book XRP (XRPL).
According to a press release, this step is one of the largest tokenization efforts of the Latin American institution at XRPL.
It is assumed that the tokenization of assets in the real world in 2025 by 2025 to 2025 by 2025 will increase from approximately $ 0.6 trillion, according to Ripple and Boston Consulting Group until 2025.
Bitcoin Mercado is already an important player in the Tokenization of Private Loan Assets, which is tokenized over the Brazilian real $ 1 billion (approximately $ 185 million). The company also connects its ecosystem with the network widely accepted by more than 70 central banks, regulators and main financial institutions around the world, the press release said.
Ripple, the key contributor to the XRPL, supports the integration of Bitcoin Mercado. Both companies have already worked with Bitcoin Mercado using the wavy passages between cross -border treasury between Brazil and Portugal and the exchange of RLUSD, corporate level, for its exchange.
“The integration of Bitcoin Mercado Bitcoin with XRPL shows how the institutions in public infrastructure trust blockchain and become a reliable basis for launching regulated financial products,” said Silvio Pegado, CEO of Ripple in a statement.
“With the type of infrastructure offered by XRPL, it is now possible to bring these assets to the chain in a way that meets institutional expectations of the cost, speed and compliance.”
Read more: Mercado Bitcoin, Polygon Labs seeks to publish tokenized assets in Latin America worth $ 200 million
