Brazil’s leading cryptocurrency exchange Mercado Bitcoin has launched an initiative to tokenize $200 million worth of fixed-income and equity assets on the XRP Ledger (XRPL). This landmark move represents a significant advancement for Latin America’s digital asset ecosystem while highlighting growing institutional adoption of tokenization technology.
The asset tokenization leverages XRPL’s scalable infrastructure to enhance operational efficiency. Blockchain firm Ripple provided support for the initiative, which aims to democratize access to crypto exchanges and blockchain platforms across emerging markets.
A joint research report published by Ripple and Boston Consulting Group forecasts substantial growth potential for tokenized assets globally, projecting the market could surge to $19 trillion by 2033. This trajectory signals accelerating convergence between traditional finance and decentralized financial ecosystems.
Recent corporate activity in the sector includes Ondo Finance’s acquisition of Oasis Pro and Centrifuge’s tokenization of the S&P 500 index, demonstrating heightened industry ambition for blockchain-based financial solutions.
Amid increasing institutional exploration of asset tokenization, BlackRock CEO Larry Fink has urged U.S. securities regulators to establish clearer guidelines addressing investor protections and legal frameworks for tokenized assets.