Mercado Bitcoin, one of Latin America’s leading cryptocurrency exchanges, has announced plans to tokenize over $200 million worth of real-world assets (RWAs) using the XRP Ledger (XRPL). This initiative marks one of the largest tokenization projects in the region and represents a significant milestone for blockchain integration in traditional finance.
XRP Ledger Powers Institutional Asset Tokenization
According to the announcement, the assets to be tokenized include fixed income products and equity instruments. The tokenization process will leverage XRPL’s speed, scalability, and compliance-oriented architecture to bring traditional financial instruments on-chain.
The project underscores XRPL’s emerging role as a preferred blockchain for regulated financial institutions, especially in Latin America. Ripple, the core developer of the XRP Ledger, is providing direct support to facilitate the integration.
Mercado Bitcoin’s Tokenization Expertise Expands
Mercado Bitcoin is no stranger to RWA tokenization. To date, the exchange has tokenized over 1 billion Brazilian real (approximately $185 million) in private credit products. The company’s growing portfolio now extends to asset-backed securities and blockchain-native financial services.
By integrating with XRPL, Mercado Bitcoin joins a global network used by over 70 central banks, regulators, and financial institutions, giving the exchange strategic access to Ripple’s enterprise infrastructure.
Cross-Border Collaboration and Stablecoin Use
The partnership builds on previous collaborations between Ripple and Mercado Bitcoin, including the use of Ripple Payments for cross-border treasury operations between Brazil and Portugal. Additionally, Mercado Bitcoin supports RLUSD, a USD-backed stablecoin developed for institutional-grade use cases.
“Mercado Bitcoin’s integration with the XRPL shows how public blockchain infrastructure is being trusted by institutions,” said Silvio Pegado, Managing Director for LATAM at Ripple.
He further noted that XRPL offers a powerful platform that balances cost-efficiency, transaction speed, and regulatory compliance—key factors for institutions managing large-scale tokenized assets.
Global Tokenization Market Set to Boom
A 2025 report from Ripple and Boston Consulting Group projects that the global tokenized RWA market could grow from $0.6 trillion to $19 trillion by 2033. Mercado Bitcoin’s initiative positions it at the forefront of this transformation within Latin America.
As institutional adoption accelerates, on-chain financial products backed by real-world assets are expected to reshape both traditional and decentralized finance ecosystems.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.