Bitcoin Mercadoin for Tokenize 200 million dollars in RWAS on XRP LEDGER, reveals Ripple

Mercado Bitcoin, one of the greatest exchanges of Crypto in Latin America, announced its intention to tokensine $ 200 million in real assets (RWAS) on the large XRP book.

This decision will provide fixed income instruments and actions to tokenized on XRPL, while exchange seeks to exploit the growing market for digital versions of traditional assets, according to a press release published by Ripple on Friday.

“The integration of Mercado Bitcoin with XRPL shows how the public infrastructures of the blockchain are reliable by institutions and become a reliable basis to provide regulated financial products on the market,” said Silvio Pegado, Director General of Latam at Ripple.

Push for the tokenization rules gain steam on the American market

The announcement of Ripple follows a report by Boston Consulting Group providing that the Rwa tokenized sector is reaching a market capitalization of 19 dollars by 2033, highlighting the growing interest of crypto-native and traditional financial players.

The agreement highlights the momentum in the industry while asset managers and blockchain companies increase efforts to ensure regulatory executives for token workers, especially in the United States.

Earlier this week, Ondo Finance, a decentralized finance protocol, acquired Oasis Pro, a regulated trading platform specializing in digital securities establishments, to deepen its footprint on the RWA market.

Meanwhile, centrifugal, another blockchain company focused on active active world, has unveiled plans for Tokensize the S&P 500 index, offering decentralized access to a basket of the best companies listed in America.

The Rwas tokenized rush has also drawn the attention of the biggest names in finance.

In January, the CEO of Blackrock, Larry Fink, publicly called the American securities commission and Exchange to approve the tokenization of shares and obligations, arguing that it could improve the efficiency of the market.

Last week, the president of the SEC, Paul Atkins, told CNBC that the “rules had not been clear” when it comes to regulating digital assets in the United States and alluded to the “imminent” boom of tokenization as a whole.

Atkins said that tokenization is “the next step” in order to have “much more efficiency” on the markets.

Ripple falls into transverse intervention against dry to resolve the case

Last month, Ripple’s CEO Brad Garlinghouse revealed that the company would withdraw its Call to the dry, adding that the regulator should also give up its own call.

The announcement follows a decision of the American district court rejecting a joint request from Ripple and the SEC to reduce the civil sentence of $ 125 million in Ripple and cancel the decision that classified the institutional sales of XRP of RIPPLE as transactions in securities.

In her decision, judge Analisa Torres noted the provision of Ripple to “push the limits” of the previous summary judgment, suggesting a risk of future violations.

Ripple’s legal director Stuart Alderoty said the company had faced a choice between dropping the call or continuing to challenge the conclusion.

He stressed that, whatever the decision, “XRP’s legal status as security remains unchanged” and assured that Ripple’s commercial operations would continue as usual.

The post Mercado Bitcoin for Tokenize 200 million dollars in RWAS on XRP Ledger, Ripple Comels appeared first on Cryptonews.

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