Mercado Bitcoin To Tokenize $200M RWAs On XRP Ledger

• Mercado Bitcoin recently unveiled its plan to tokenize $200 million RWAs using the XRP Ledger through its partnership with Ripple.

Ripple Labs continues its hot streak of major updates about its newly-forged partnerships with banks and other big financial services providers. In yet another bull case for XRP, the company confirmed on Friday the plan of Mercado Bitcoin, a leading cryptocurrency exchange in the Latin American region, to tokenize $200 million worth of real-world assets (RWAs) on the XRP Ledger (XRPL) public blockchain.

RWA Tokenization: A $19 Trillion Industry by 2033

According to Ripple, the move aligns with Mercado Bitcoin’s aggressive but calculated push for international expansion. The trading platform believes its new $200 million tokenization efforts on the XRPL could significantly boost its liquidity. Additionally, it would open clients access to regulated digital products across South America and Europe.

Citing its report with the Boston Consulting Group, Ripple estimates that institutions could tokenize as much as $600 billion worth of RWAs this year. The blockchain cross-border payment solutions provider forecasts the market’s growth to around $19 trillion by 2033.

ADVERTISEMENT## Mercado Bitcoin and Ripple Cooperation

Ripple and Mercado Bitcoin first unveiled their partnership in October last year. The collaboration aimed to integrate XRPL technology for end-to-end payments among customers. The upcoming multi-million RWA tokenization project will be one of the important achievements of the partnership.

Mercado Bitcoin comes in hot from its recognition as one of the world’s top five tokenizers of private credit assets and from its reputation as having a zero-default rate. The new venture on XRPL would add to its already existing R$1 billion (approximately $180 million) tokenized RWAs. The platform also leverages from its links a network adopted by over 70 central banks, regulatory bodies, and large players in traditional finance (TradFi).

Silvio Pegado, Managing Director at the LATAM division of Ripple, stated that integrating XRPL would bridge Mercado Bitcoin to an institutional-grade tokenization infrastructure tailored for low-cost, fast, and compliant offerings. For him, the move underscores the growing confidence and demand for Ripple’s XRPL-powered solutions due to their high rate of efficiency and speed.

ADVERTISEMENT“Mercado Bitcoin’s integration with the XRPL shows how public blockchain infrastructure is being trusted by institutions and is becoming a reliable foundation for bringing regulated financial products to the market,” said Pegado. “With the kind of infrastructure the XRPL offers, it’s now possible to bring these assets onchain in a way that meets institutional expectations for cost, speed, and compliance.”

Why This Matters for XRP

Any news related to Ripple resonates with the demand for XRP. After all, the company has built its products and services on top of the token’s underlying distributed ledger technology (DLT).

Furthermore, any transaction happening within the XRPL burns XRP. Hence, as the chain experiences higher adoption and usage, XRP burn rates naturally increase. The high demand subtly decreases the circulating supply of the token while building more value for it over time.

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