Mercado Bitcoin tokenizes $200 million in real-world assets on XRPL

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Mercado Bitcoin, a major crypto exchange in the Latin America region, announced on Friday that it is tokenizing $200 million in real-world assets (RWAs) on the XRP Ledger (XRPL).

The real-world assets include tokenized fixed-income and equity financial instruments, according to an announcement from Ripple, the blockchain company that launched the XRPL.

A report published by Boston Consulting Group and the blockchain company forecasted the tokenized RWA market to swell to a $19 trillion market capitalization by 2033.

The deal came amid a concerted effort…



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Mercado Bitcoin tokenizes $200 million in real-world assets on XRPL


Mercado Bitcoin, a major crypto exchange in the Latin America region, announced on Friday that it is tokenizing $200 million in real-world assets (RWAs) on the XRP Ledger (XRPL).

The real-world assets include tokenized fixed-income and equity financial instruments, according to an announcement from Ripple, the blockchain company that launched the XRPL.

A report published by Boston Consulting Group and the blockchain company forecasted the tokenized RWA market to swell to a $19 trillion market capitalization by 2033.

The deal came amid a concerted effort…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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