Mercado Bitcoin announces tokenization of $200M in RWAs on XRPL

Tokenized real-world assets (RWAs) continue to gain traction as crypto firms push for clear regulations for onchain financial instruments.

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.

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