Latin American cryptocurrency exchange Mercado Bitcoin announced on Friday that it will tokenize $200 million in real-world assets (RWA) on the XRP Ledger (XRPL).
According to an official announcement from blockchain company Ripple, these real-world assets include tokenized fixed income and equity financial instruments. Ripple is the creator of XRPL.
A report jointly released by the Boston Consulting Group and the blockchain company predicts that the market size for tokenized real-world assets will expand to a valuation of $19 trillion by 2033.
This collaboration occurs against the backdrop of the cryptocurrency industry and asset management institutions working together to create a clear regulatory framework for tokenized equity and other real-world assets in the U.S., as companies expand their tokenized products and integrate tokenized asset trading into existing platforms.
Decentralized finance (DeFi) protocol Ondo Finance acquired tokenized asset company Oasis Pro on Friday, aiming to increase its market share in the emerging RWA space.
Ondo Finance stated, "Oasis Pro is one of the first regulated alternative trading systems in the U.S., supporting the settlement of digital securities using fiat and stablecoins."
Blockchain company Centrifuge, which focuses on integrating RWAs into DeFi protocols, announced on Tuesday plans to tokenize the S&P 500 stock market index, which is a weighted combination of the 500 largest publicly traded companies in the U.S. stock market.
In January of this year, Larry Fink, CEO of the world's largest asset management company BlackRock, urged the U.S. Securities and Exchange Commission (SEC) to approve the tokenization of stocks and bonds. BlackRock currently manages approximately $11.4 trillion in assets.
John Murillo, Chief Business Officer of fintech company B2BROKER, pointed out that tokenized equity instruments remain in a regulatory gray area, lacking many rights enjoyed by traditional equity holders.
"These tokenized products do not have direct claims on company assets, do not provide voting rights, and do not allow access to internal financial information," the executive wrote in an email to Cointelegraph.
The executive further added that investors must carefully study the details of each tokenized RWA tool to understand potential investment factors such as cash flow, dividend distribution, legal constraints, or smart contract risks.
Related: Victims of $20 million cryptocurrency scam expand accountability: suing two more banks in addition to Citibank
Original article: “Mercado Bitcoin announces tokenization of $200 million in real-world assets on XRPL”
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