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

Key Points

1. Mercado Bitcoin, a major Latin American crypto exchange, announced the tokenization of $200 million in RWAs, including fixed-income and equity financial assets, on the XRPL.

2. A report by Boston Consulting Group and a blockchain company projects the tokenized RWA market to grow to $19 trillion.

3. Other firms like Ondo Finance and Centrifuge are also actively tokenizing traditional financial assets, such as the S&P 500 index.

4. BlackRock CEO Larry Fink urged the SEC to approve stock tokenization, highlighting institutional interest in RWAs.

5. Tokenized equity remains in a regulatory grey zone, with firms emphasizing the need for investors to understand the specifics of each tokenized RWA.