Mercado Bitcoin has partnered with Ripple to tokenize $200 million in regulated assets on the XRP Ledger, marking one of the largest such initiatives in Latin America. Institutional trust in public blockchain infrastructure is growing, as highlighted by Silvio Pegado from Ripple, reinforcing the potential of tokenized financial instruments.
Silvio Pegado, LATAM Managing Director, Ripple, “Mercado Bitcoin’s integration with the XRPL shows how public blockchain infrastructure is being trusted by institutions.” source
The initiative potentially increases cross-border liquidity between South America and Europe, enhancing institutional flows and capital mobility. This signals a shift towards broader adoption of tokenized assets in financial markets. BCG projects that the tokenized market could grow to $19 trillion by 2033, showcasing financial transformation possibilities. Ripple’s robust network adds credibility and boosts institutional confidence in such innovations.
Boosting Cross-Border Liquidity in Financial Markets
Similar initiatives include Centrifuge tokenizing traditional assets and BlackRock’s moves toward tokenization, showing a trend of blending conventional finance with decentralized solutions. Experts note rising competition among chains for tokenization dominance. The efficiency and scale facilitated by collaborations like that of Mercado Bitcoin and Ripple could set precedents for future projects in the sector.
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