Top Brazilian Bitcoin Exchange May Tokenize $200M in Assets on XRP Ledger

Key Points

1. Mercado Bitcoin is tokenizing $200 million worth of fixed-income and equity assets on the XRP Ledger (XRPL), leveraging its scalable infrastructure.

2. The initiative is backed by Ripple, aiming to democratize access to crypto exchanges and blockchain platforms in emerging markets.

3. A joint report by Ripple and Boston Consulting Group projects the tokenized asset market could reach $19 trillion by 2033, signaling the convergence of TradFi and DeFi.

4. Recent corporate moves, such as Ondo Finance acquiring Oasis Pro and Centrifuge tokenizing the S&P 500 index, reflect growing ambition in tokenization.

5. BlackRock CEO Larry Fink has called for clearer SEC guidelines on tokenized assets, emphasizing concerns about investor protections and legal frameworks.