Mercado Bitcoin partners with XRP Ledger to tokenize $200 million worth of regulated financial assets. Together with tokenization partner, Daomaker Lab, this collaboration stands as one of the largest initiatives of tokenization undertaken by any Latin American institution within the XRPL. Ripple made the integration announcement on July 4, and that could be a sign of the growing acceptance of blockchain technology by traditional finance.
The XRPL is a public blockchain uniquely suited to help power the tokenization of Real-World Assets (RWAs). As one of the world's top five tokenizers of private credit assets, Mercado Bitcoin's move signifies a major step in expanding support for global liquidity and access to regulated digital products in South America and Europe.
Ripple has been working closely with Mercado Bitcoin as it makes the integration onto the XRPL. This collaboration reinforces the growing confidence that organizations place in public blockchain infrastructure. This combination is a fantastic example of what’s possible on the XRPL. It is quickly establishing itself as a trusted platform for launching controlled, financial products into the marketplace.
The aforementioned tokenization of RWAs is driving innovation all around capital markets. Terra stablecoin inventor’s new firm Ondo Finance to issue tokenized U.S. Treasuries on XRPL. This action will open up Ondo Short-Term U.S. Government Treasuries (OUSG) to a wider range of institutional investors.
Across Latin America, we’re seeing forward-looking institutions explore how tokenization can improve access and efficiency in financial markets. - Silvio Pegado, Ripple's managing director, LATAM
Mercado Bitcoin’s integration with the XRPL marks another milestone in the growing confidence institutions have in public blockchain infrastructure. This action reflects the XRPL’s promise as a stable and secure foundation for regulated financial products. It serves as a big step forward in tokenization efforts across Latin America.
