Latin American cryptocurrency exchange Mercado Bitcoin plans to tokenize over $200 million in real world financial assets (RWAs), including fixed income and equity instruments, on the XRP Ledger (XRPL).
The move marks one of the largest tokenization efforts by a Latin American institution on XRPL, according to a press release.
The tokenization of real-world assets is projected to surge from approximately $0.6 trillion in 2025 to nearly $19 trillion by 2033, according to a 2025 report by Ripple and Boston Consulting Group.
Mercado Bitcoin is already a significant player in the private credit asset tokenization space, having tokenized over brazilian real $1 billion (approximately $185 million). The company also connects its ecosystem to a network widely adopted by over 70 central banks, regulators, and major financial institutions globally, the press release stated.
Ripple, a key contributor to the XRPL, is supporting Mercado Bitcoin’s integration. The two companies have previously collaborated, with Mercado Bitcoin using Ripple Payments for cross-border treasury flows between Brazil and Portugal, and listing RLUSD, an enterprise-grade, USD-denominated stablecoin, on its exchange.
“Mercado Bitcoin’s integration with the XRPL shows how public blockchain infrastructure is being trusted by institutions and is becoming a reliable foundation for bringing regulated financial products to the market,” said Silvio Pegado, managing director, LATAM at Ripple in a statement.
“With the kind of infrastructure the XRPL offers, it’s now possible to bring these assets on-chain in a way that meets institutional expectations for cost, speed, and compliance.”
