Odaily News RWA startup Plume Network has partnered with Latin American trading platform Mercado Bitcoin as part of a plan to tokenize $40 million worth of Brazilian “asset-backed securities, consumer credit, corporate debt, and receivables.”
“The program creates a direct bridge between global capital and emerging market investments, providing users with direct access to yield opportunities in Brazil, Latin America’s largest economy,” the companies said in a statement.
Mercado Bitcoin plans to leverage Plume Network’s infrastructure and L1 blockchain to provide global customers with the opportunity to invest in tokenized Brazilian assets.
Data shows that the overall tokenized RWA market has been growing steadily, nearly doubling in the past 12 months, driven by asset classes such as government securities and commodities. This week, the Trump family DeFi platform World Liberty Financial partnered with RWA tokenization company Ondo Finance to promote the adoption of RWA. (The Block)