Ripple and Mercado Bitcoin Expand RWA Tokenization on XRPL

Ripple announces another RWA project that will find its home on the XRPL network. The crypto platform Mercado Bitcoin is placing $200 million worth of RWAs there, strengthening its collaboration with Ripple.

Ripple is making progress toward its goal of developing the XRPL network into a leading platform for tokenized real-world assets (RWAs). A press release announced that the crypto platform Mercado Bitcoin has tokenized $200 million in RWAs and made them tradable via XRPL. These are said to be eligible fixed-income and equity-based financial instruments. Ripple and Mercado Bitcoin have not yet provided further details on the RWAs.

Mercado Bitcoin is headquartered in Brazil and started as a crypto exchange over a decade ago. The company has been collaborating with Ripple since last year, including on the launch of the stablecoin RLUSD . According to the announcement, Mercado Bitcoin has tokenized RWAs worth more than 1 billion Brazilian reals (equivalent to approximately $180 million) to date, making it one of the world’s leading tokens. According to the data service, the Ripple network (XRPL) currently holds around $160 million in RWAs, making the new project of considerable importance to both parties.

RWAs with the help of Guggenheim and OIndo are already present on XRPL

For Ripple, Latin America Director Silvio Pegado speaks of growing interest in the region in tokenization and how it can be used to improve access and efficiency in financial markets. In June, Ripple was pleased to announce an RWA project from Guggenheim involving tokenized promissory notes and another from Ondo Finance focusing on US government bonds.

The principle is always to represent traditional financial instruments as tokens, allowing them to be traded 24/7 on a blockchain—in Ripple’s case, XRPL. A forecast by Boston Consulting expects the market for tokenized RWA to grow from $600 million this year to $19 trillion by 2033.

Conclusion: Ripple network XRPL benefits from the RWA trend

Slowly but surely, Ripple seems to be succeeding in attracting fintechs, banks, and related institutions to RWAs on XRPL. Its own stablecoin, RLUSD, is a plus here, as it tracks the US dollar and thus simplifies settlements.

XRP, as the original cryptocurrency, must be used as a means of payment for fees in transactions on the XRPL network, although this has so far played only a minor role in absolute terms. Thus, the price curve of XRP did not react noticeably to the news of Ripple and Mercado Bitcoin; the altcoin is trading sideways at around $2.25.

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