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Mercado Bitcoin, a major crypto exchange in the Latin America region, announced on Friday that it is tokenizing $200 million in real-world assets (RWAs) on the XRP Ledger (XRPL).
The real-world assets include tokenized fixed-income and equity financial instruments, according to an announcement from Ripple, the blockchain company that launched the XRPL.
A report published by Boston Consulting Group and the blockchain company forecasted the tokenized RWA market to swell to a $19 trillion market capitalization by 2033.
The deal came amid a concerted effort from the crypto industry and asset managers to create regulatory clarity for tokenized equities and other RWAs in the United States, as companies expand their tokenized offerings and integrate tokenized asset trading into existing…more
Source cointelegraph.com
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