Brazil’s leading crypto exchange, Mercado Bitcoin, announced the launch of asset tokenization on the XRP Ledger. This event marks one of the largest steps in integrating real assets into blockchain.
Mercado Bitcoin Starts Asset Tokenization
Mercado Bitcoin has commenced the tokenization of $200 million worth of assets on the XRP Ledger. This initiative, backed by Ripple, highlights the growing interest in blockchain infrastructure for handling mainstream financial products.
Institutional Interest in Tokenization
A joint report from Ripple and Boston Consulting Group projects that the total market cap of tokenized real-world assets could soar to $19 trillion by 2033. This drives significant interest from both DeFi and TradFi firms.
Regulatory Landscape and M&A in Tokenization
Amid growing interest in tokenization, Ondo Finance recently acquired Oasis Pro, a firm licensed in the U.S. to facilitate digital securities trading. Additionally, Centrifuge announced its intention to tokenize the S&P 500, showcasing how tokenization may soon involve traditional financial indices.
Despite the ambiguity in the regulatory framework for tokenized equities, the increasing interest from major players suggests that tokenization is evolving into the next phase of capital markets.
