Mercado Bitcoin, Brazil’s largest crypto exchange, announced a new partnership with Wormhole on Wednesday to extend the scope of its token financial assets.
This new partnership aims to extend more than $ 200 million in tokenized assets, including private credit offers, in more than 30 blockchain ecosystems.
The exchange based in Rio de Janeiro is already a major player in the landscape of digital assets in Latin America, with more than 4 million customers and an increasing portfolio of token offers. By integrating Wormhole’s interoperability protocol, MB seeks to offer a more evolving and transparent solution for the program and trading of chain assets, in particular in the poorly served secondary markets for a private credit.
“This partnership with Wormhole marks a central stage in our mission to democratize access to digital assets,” said Fabrício Tota, vice-president of new affairs development at MB. “Wormhole, now our official interoperability partner, allows us to extend beyond regional borders and connect our tokenized asset ecosystem to a truly global multi-multhain environment.”
Long -term structure
As part of the agreement, the Wormhole Foundation will also make a strategic investment in one of the tokenized products of MB. Companies note that this is the first phase of what is described as a long -term alliance.
Wormhole already supports more than $ 3 billion in assets at Tokain Multi-Chetichain under management through partnerships with financial giants like BlackRock, Apollo and Securitize, considers this as a key expansion on the Latin American market.
With this partnership, we deepen our presence in Latin America, as well as in the growth of our leadership in the supply of critical infrastructure for the scaling of institutional quality assets, “said Dan Reecer, co-founder of the Wormhole Foundation.
The partnership is designed to resolve liquidity and long -standing access problems in the tokenized finance sector. MB aims to simplify the movement of token active ingredients on different blockchain networks. This should improve transparency and reduce friction on global financial markets.
