Tokenized real-world assets (RWAs) continue to gain traction as crypto firms push for clear regulations for onchain financial instruments.
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.
