Markets, Mercado Bitcoin, Polygon labs, Tokenization The collaboration goals to develop entry to tokenized personal credit score and different real-world belongings within the area.
Mercado Bitcoin, one in all Latin America’s largest cryptocurrency exchanges, is teaming up with Polygon Labs to develop the tokenization of real-world belongings (RWAs) within the area.
The initiative goals to situation greater than $200 million in tokenized belongings this yr, greater than doubling the platform’s present whole.
The partnership focuses on integrating Polygon’s blockchain infrastructure into Mercado Bitcoin’s tokenization course of, in line with a press launch shared with CoinDesk.
“The Polygon network enables fast and affordable transactions, positioning MB as a technological and financial leader both in Latin America and globally,” mentioned Fabrício Tota, Mercado Bitcoin’s vp of latest enterprise.
Since launching its asset tokenization unit, MB Tokens, São Paulo-based Mercado Bitcoin has issued greater than 340 tokenized merchandise, totaling roughly $180 million. These embody tokenized personal credit score, fixed-income devices, and revenue-sharing merchandise.
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