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Mercado Bitcoin, a major crypto exchange in the Latin America region, announced on Friday that it is tokenizing $200 million in real-world assets (RWAs) on the XRP Ledger (XRPL).<\/p>\n
The real-world assets<\/a> include tokenized fixed-income and equity financial instruments, according to an announcement<\/a> from Ripple, the blockchain company that launched the XRPL.<\/p>\n A report published by Boston Consulting Group and the blockchain company forecasted the tokenized RWA market<\/a> to swell to a $19 trillion market capitalization by 2033.<\/p>\n The deal came amid a concerted effort from the crypto industry and asset managers to create regulatory clarity for tokenized equities<\/a> and other RWAs in the United States, as companies expand their tokenized offerings and integrate tokenized asset trading<\/a> into existing platforms.<\/p>\n Related: <\/strong><\/em>Ripple applies for US banking license, joining crypto rush for legitimacy<\/strong><\/em><\/a><\/p>\n Ondo Finance, a decentralized finance (DeFi) protocol, acquired tokenized asset firm Oasis Pro<\/a> on Friday in a bid to expand its presence in the emerging RWA sector.<\/p>\n “Oasis Pro was one of the first US-regulated alternative trading systems authorized to support the settlement of digital securities in both fiat and stablecoins,” Ondo Finance wrote<\/a>.<\/p>\n Centrifuge, a blockchain firm focused on integrating RWAs into DeFi protocols, announced plans on Tuesday to tokenize the S&P 500 stock market index<\/a>, a weighted collection of the 500 biggest publicly-listed companies in the US stock market.<\/p>\nCrypto firms rush in to tokenize traditional financial assets, but regulations are still unclear\u00a0<\/h2>\n