MercadoBitcoin announces the tokenization of $200 million in RWAs on the XRPL.

Mercado Bitcoin is the leading cryptocurrency exchange in Latin America, announcing on Friday that it will tokenize $200 million of real-world assets on the XRP Ledger (XRPL). According to a release from Ripple, the blockchain company that launched the XRPL, the real-world assets include tokenized fixed-income and equity financial instruments. A report published by Boston Consulting Group and the blockchain company predicts that the tokenized RWA market will swell to a market capitalization of $19 trillion by 2033. The completion of this transaction comes as the crypto industry and asset management firms work together to create regulatory clarity for tokenized stocks and other RWAs in the U.S., with companies expanding their tokenized products and integrating tokenized asset trading into existing platforms. Related reports: Ripple applies for a U.S. banking license, joining the race for legitimacy among cryptocurrency companies. The Decentralized Finance (DeFi) protocol Ondo Finance acquired the tokenized asset company Oasis Pro on Friday, aiming to expand its influence in the emerging RWA space. Ondo Finance stated, "Oasis Pro is one of the earliest alternative trading systems to receive U.S. regulatory approval, authorized to support the settlement of digital securities in fiat and stablecoin." The blockchain company Centrifuge, focused on integrating RWAs into DeFi protocols, announced on Tuesday plans to tokenize the S&P 500 index, a weighted collection of the 500 largest publicly traded companies in the U.S. In January, Larry Fink, CEO of BlackRock, the world’s largest wealth management firm, urged the U.S. Securities and Exchange Commission (SEC) to approve the tokenization of stocks and bonds. John Murillo, Chief Business Officer of fintech company B2BROKER, stated that tokenized equity instruments remain in a regulatory gray area and lack many rights enjoyed by traditional equity holders. "There are no direct claims to company assets, no voting rights, and no access to internal financial information," the executive wrote in an email sent to Cointelegraph. The executive added that investors must understand the details of each tokenized RWA tool they are interested in to be aware of any cash flow, dividend, legal, or smart contract risks present in any potential investment. Magazine: Cryptocurrencies want to overthrow banks, now they find themselves in a battle with stablecoins to become banks.