The digital active ingredient platform Mercadoin Bitcoin plans to tokenize more than $ 200 million in real active assets (RWAS) authorized on the Ledger XRP (XRPL).
A key contributor to XRPL, Ripple, announced these plans in a blog post of Friday, July 4, claiming that this decision marks one of the greatest efforts of tokenization by a Latin American institution on XRPL, which is a public blockchain designed for the tokenization of Rwas.
Ripple supports the integration of Bitcoin Mercado on XRPL, according to the post.
Mercado Bitcoin is already one of the five best token operators in the world of private credit assets, and with its newly announced plans, it will further extend its support for global liquidity and access to regulated digital products in South America and Europe, the post said.
The Rwas which he toknise on XRPL includes fixed income and capital income instruments, depending on the position.
“In Latin America, we see prospective institutions exploring how tokenization can improve access and efficiency in the financial markets,” said Silvio Pegado, Director General of Latam at Ripple, in the post. “The integration of Mercado Bitcoin with XRPL shows how the public blockchain infrastructures are reliable by institutions and become a reliable basis to provide regulated financial products on the market.”
The tokenization of RWAS leads to a quiet revolution among traditional approaches on the capital markets, Pymnts reported in April.
By token Rwas, organizations and businesses can take advantage of automated processes on various blockchains, which can reduce transaction costs, streamline settlement times, improve operational efficiency and make assets traditionally easier to buy, sell and discuss secondary markets.
When the financial company based on Stablecoin, Schuman Financial, joined its EURøp part on the XRPL in May, Martin Bruncko, the founder and CEO of the company, said that this decision would combine the resilience of a world blockchain “with the native liquidity and conformity of the Euro in its heart”.
Ondo Finance declared in January that she would bring her US Treasury Bon vouchers to XRPL to offer institutional investors access to short -term US via (Ousg). The vice-president of Ondo Finance’s partnerships, Katie Wheeler, said at the time that this integration would put the foundations for “avant-garde institutions to direct a new era of onchain capital markets”.
