en.bitcoinsistemi.com
While institutional interest in altcoins other than Bitcoin (BTC) and Ethereum (ETH) has increased, $XRP has become one of these altcoins.
At this point, while many companies announced that they would add $XRP to their treasury reserves, another move came from the Brazilian cryptocurrency exchange Mercado Bitcoin.
Mercado has announced a plan to tokenize real-world assets (RWA) such as Bitcoin, stocks, and bonds, Coindesk reported.
Accordingly, Mercado Bitcoin, as the largest crypto platform in Latin America, has chosen $XRP Ledger among many alternatives in its digitalization journey.
Mercado Bitcoin has announced plans to tokenize an additional $200 million worth of stocks and bonds on the $XRP Ledger (XRPL).
“This project is one of the largest RWA initiatives on $XRP Ledger by a Latin American company.
We estimate the RWA market will grow to $19 trillion by 2033.”
It was stated that the high transaction speed, low cost structure, and built-in tokenization capabilities offered by XRPL make it an ideal option for companies and such projects.
The company has already tokenized assets worth 1 billion Brazilian reais ($185 million).
*This is not investment advice.