In a significant step toward mainstream asset tokenization, Mercado Bitcoin, one of the largest crypto exchanges in Latin America, is set to tokenize $200 million worth of real-world assets (RWAs) using the XRP Ledger (XRPL). The initiative will include a mix of fixed-income and equity assets, transforming traditional instruments into blockchain-based tokens with improved accessibility and transparency.
Announced by Ripple on Friday, the integration is positioned as a major validation of public blockchain infrastructure for regulated financial products. Silvio Pegado, Managing Director of LATAM at Ripple, stated that Mercado Bitcoin’s move “demonstrates growing institutional trust in XRPL as a foundation for modern finance.”
This development aligns with broader market forecasts, including a Boston Consulting Group report predicting a $19 trillion RWA tokenization market by 2033. As the U.S. lags behind in regulatory clarity, global players like Ripple are seizing the opportunity to lead the RWA revolution.
Other recent moves in the space include Ondo Finance’s acquisition of Oasis Pro and Centrifuge’s plan to tokenize the S&P 500 index, highlighting a race to bring traditional assets on-chain.
Ripple’s collaboration with Mercado Bitcoin sends a clear message: the future of finance is decentralized, tokenized, and borderless.
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