Mercado Bitcoin Tokenizes $200M in Real-World Assets on XRPL

Edited by: Elena Weismann

In Latin America, Mercado Bitcoin announced today its initiative to tokenize over $200 million in real-world assets (RWAs) on the XRP Ledger (XRPL) (Source: Text 1). This move is one of the largest tokenization efforts by a Latin American institution on the XRPL.

The tokenized assets include fixed-income and equity instruments, aiming to enhance global liquidity across South America and Europe. Ripple supports this integration, using the ledger's speed and cost-effectiveness (Source: Text 1).

The current price of XRP is $2.25 USD, with a change of $0.03 USD (0.01%) from the previous close. The intraday high is $2.25 USD and the intraday low is $2.2 USD (Source: Text 1).

Sources

  • Cointelegraph

  • PYMNTS

  • Cointelegraph

  • CoinDesk

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