- Mercado Bitcoin teams up with Wormhole to enhance multichain tokenization.
- Partnership to enhance Mercado Bitcoin’s expansion in tokenized asset markets.
- Wormhole Foundation invests in Mercado Bitcoin’s tokenized offerings.
Mercado Bitcoin, a top Brazilian crypto exchange, has partnered with Wormhole to improve its tokenized asset platform. The partnership seeks to launch more than $200 million worth of tokenized assets across global markets to unlock liquidity and improve blockchain accessibility. Wormhole enables communication across over 30 blockchain networks.
Mercado Bitcoin aims to integrate tokenized assets such as private credit products on multiple blockchain networks. Wormhole’s protocol enables the integration of these assets across various blockchain networks to allow seamless communication and asset transfers. This will provide Mercado Bitcoin with global scalability and increased market exposure.
Mercado Bitcoin’s Tokenized Product Lineup
Mercado Bitcoin has issued more than 340 tokenized products with a combined market capitalization of about $180 million. The company’s tokenized products include tokenized fixed-income securities, carbon credits, and FuteCoin, a digital asset based on FIFA’s solidarity framework. Wormhole enables Mercado Bitcoin to tokenize up to $200 million in assets and enhances its position in tokenization markets.
As part of the partnership, the Wormhole Foundation invested in one of Mercado Bitcoin’s tokenized products. The investment marks the first step toward a long-term collaboration between the two companies, which promises additional developments in the future. Mercado Bitcoin aims to expand beyond Latin America and strengthen its position in the global market.
Wormhole links several blockchain networks such as Ethereum and Solana. This venture enables Mercado Bitcoin to deliver secure and seamless transactions across a wider user base. The venture seeks to develop institutional-grade infrastructure for tokenized products.
Impact of Mercado Bitcoin and Warmhole’s Joint Venture
The partnership enables Mercado Bitcoin to expand its market and reach more customers across the world. Mercado Bitcoin intends to leverage Wormhole’s support to tokenize real-world assets on the blockchain.
Dan Reecer, co-founder of Wormhole Foundation, has expressed enthusiasm about the partnership and emphasized the company’s expansion across Latin America. Wormhole supports Mercado Bitcoin as part of their efforts to connect traditional finance with blockchain technology. The collaboration could revolutionize the global tokenized assets expansion.
Mercado Bitcoin and Wormhole partnership could transform the tokenization, trade, and access of financial products across various blockchain networks. The two companies are committed to delivering additional innovations in the tokenized financial market.
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