Plume Network and Mercado Bitcoin Partner to Tokenize $40 Million in Brazilian RWAs
Real-world asset (RWA) tokenization startup Plume Network has joined forces with Mercado Bitcoin, one of Latin America's largest crypto trading platforms, to tokenize $40 million worth of Brazilian asset-backed securities, consumer credit, corporate debt, and accounts receivable, according to a statement released Wednesday.
Bridging Global Capital with Emerging Market Investments
This initiative aims to create a direct bridge between global investors and emerging market opportunities in Brazil, the region’s largest economy. By leveraging Plume Network’s Layer 1 blockchain infrastructure, Mercado Bitcoin will enable investors worldwide to access tokenized Brazilian assets, broadening participation in Latin America's growing digital finance landscape.
The Expanding Tokenized RWA Market
The market for tokenized RWAs has been experiencing significant growth, nearly doubling in size over the past year. The trend has gained momentum, with institutions and major players embracing tokenized assets for their liquidity and efficiency. Just this week, World Liberty Financial, a DeFi platform supported by former U.S. President Donald Trump, partnered with Ondo Finance to further advance RWA adoption.
Brazil’s Strategic Role in Digital Asset Growth
With a user base of 4 million, Mercado Bitcoin is tapping into Brazil’s expansive digital economy, where widespread adoption of digital payments and financial innovation have created fertile ground for blockchain-based investment products.
“On one hand, we’re providing small and medium-sized businesses with a direct path to funding through tokenization,” said Fabrico Tota, Mercado Bitcoin’s SVP of New Business Development. “On the other hand, we’re empowering local and global investors with access to innovative financial instruments that were once out of reach.”
Plume Network’s Growth and Future Prospects
Plume Network has been actively expanding its RWA portfolio following its $10 million seed funding round led by Haun Ventures last year. More recently, the startup closed a $20 million Series A round with participation from Brevan Howard Digital, Galaxy Ventures, and Haun Ventures.
Initially envisioned as a Layer 2 solution on Arbitrum Orbit, Plume Network has evolved into a standalone blockchain focused on real-world asset tokenization.