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By Ian Allison, AI Boost
Jul 7, 2025, 9:55 a.m.
- Mercado Bitcoin is already a significant player in the private credit asset tokenization space, having tokenized over brazilian real $1 billion (approximately $185 million).
- Mercado Bitcoin previously used Ripple Payments for cross-border treasury flows between Brazil and Portugal.
Latin American cryptocurrency exchange Mercado Bitcoin plans to tokenize over $200 million in real world financial assets (RWAs), including fixed income and equity instruments, on the XRP Ledger (XRPL).
The move marks one of the largest tokenization efforts by a Latin American institution on XRPL, according to a press release.
STORY CONTINUES BELOW
The tokenization of real-world assets is projected to surge from approximately $0.6 trillion in 2025 to nearly $19 trillion by 2033, according to a 2025 report by Ripple and Boston Consulting Group.
Mercado Bitcoin is already a significant player in the private credit asset tokenization space, having tokenized over brazilian real $1 billion (approximately $185 million). The company also connects its ecosystem to a network widely adopted by over 70 central banks, regulators, and major financial institutions globally, the press release stated.
Ripple, a key contributor to the XRPL, is supporting Mercado Bitcoin’s integration. The two companies have previously collaborated, with Mercado Bitcoin using Ripple Payments for cross-border treasury flows between Brazil and Portugal, and listing RLUSD, an enterprise-grade, USD-denominated stablecoin, on its exchange.
“Mercado Bitcoin’s integration with the XRPL shows how public blockchain infrastructure is being trusted by institutions and is becoming a reliable foundation for bringing regulated financial products to the market,” said Silvio Pegado, managing director, LATAM at Ripple in a statement.
“With the kind of infrastructure the XRPL offers, it’s now possible to bring these assets on-chain in a way that meets institutional expectations for cost, speed, and compliance.”
Read more: Mercado Bitcoin, Polygon Labs Look to Issue $200M Worth of Tokenized Assets in Latin America
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
