Using the XRP Ledger blockchain, this billion-dollar initiative connects tokenized assets to an international network.
MB | Mercado Bitcoin, the largest digital asset platform in Latin America, announces plans to tokenize over $200 million (equivalent to more than R$ 1 billion) in real-world assets (RWAs), including fixed and variable income instruments, on the XRP Ledger (XRPL), a public blockchain created for the efficient tokenization of financial assets.
The initiative is one of the largest tokenization efforts ever undertaken by a Latin American institution on the XRPL and represents a strategic step in MB's international expansion, aimed at increasing global liquidity and access to regulated digital products in South America and Europe.
A growing market with trillions in potential
According to a 2025 report by Ripple and the Boston Consulting Group, the market for real-world asset tokenization is expected to grow from approximately $0.6 trillion in 2025 to $18.9 trillion by 2033, driven by institutional adoption and advancements in digital infrastructure.
Recognized as one of the leaders in this sector, MB is already among the five largest tokenizers of private credit assets in the world. The company has already tokenized over R$ 1 billion in real-world assets, maintaining a zero default rate.
With the partnership, MB also connects its ecosystem to one of the most widely adopted networks by over 70 central banks, regulators, and major financial institutions around the world.
Ripple, one of the main contributors to the XRPL, is focused on bringing regulated and high-quality assets to the on-chain environment and is supporting MB's integration with the XRPL.
MB has also worked with Ripple using Ripple Payments to facilitate international treasury flows between Brazil and Portugal, as well as listing RLUSD, a dollar-backed corporate stablecoin, on its platform. MB was the first client of the solution in the country, gaining access to a faster, safer, and lower-cost international payment system.
"Ripple is one of the largest global references in blockchain infrastructure for institutions, and having MB as the first partner in Brazil reinforces the solidity of what we have built so far. This collaboration boosts our international presence and connects our tokenized assets to a network with scale, liquidity, and global recognition," says Fabrício Tota, director of New Business at MB.
"In Latin America, we see innovative institutions exploring how tokenization can improve access and efficiency in financial markets," said Silvio Pegado, Managing Director of Ripple for Latin America.
"The integration of Mercado Bitcoin with the XRPL shows how public blockchain infrastructure is gaining the trust of institutions and becoming a solid foundation for bringing regulated financial products to market. With the infrastructure that the XRPL offers, it is now possible to bring these assets into the on-chain environment in line with institutional expectations in terms of cost, speed, and compliance."
XRP Ledger: Speed, Efficiency, Security, and Global Liquidity
Launched in 2012, the XRP Ledger (XRPL) is one of the most mature, stable, and efficient blockchains in the industry.
Created for financial settlements, it allows for almost instantaneous and low-cost transactions, being used by institutions worldwide for international payments and the issuance of tokens.
The network has already processed over 3.3 billion transactions without failures or security breaches, supporting over six million active wallets and a decentralized network with more than 200 validators.
Ripple has been using the XRPL for over a decade to enable international payments, digital asset custody, and the issuance of institutional stablecoins.