Wormhole and Mercado Bitcoin Partner to Launch Tokenized Assets Across Global Markets

Mercado Bitcoin, a top Brazilian crypto exchange, has partnered with Wormhole to improve its tokenized asset platform.

Mercado Bitcoin, a leading Brazilian cryptocurrency exchange, has partnered with Wormhole to enhance its tokenized asset platform, aiming to launch more than $200 million in tokenized assets across global markets. The partnership seeks to unlock liquidity and improve blockchain accessibility.

The partnership will see Wormhole's protocol facilitate the integration of tokenized assets, such as private credit products from Mercado Bitcoin, across over 30 blockchain networks supported by Wormhole. This will enable seamless communication and asset transfers, providing Mercado Bitcoin with the global scalability and market exposure needed for optimal performance.

Mercado Bitcoin has already issued more than 340 tokenized products, accumulating a combined market capitalization of approximately $180 million. These products include tokenized fixed-income securities, carbon credits, and FuteCoin, a digital asset based on FIFA's solidarity framework.

With Wormhole's technology, Mercado Bitcoin can tokenize up to $200 million in assets, further strengthening its position in tokenization markets.

As part of the partnership, the Wormhole Foundation has made an investment in one of Mercado Bitcoin's tokenized products, marking the first step toward a broader collaboration between the two companies.

The partnership between Mercado Bitcoin and Wormhole promises to bring forth additional developments in the future, as both companies aim to expand their reach and capabilities. Mercado Bitcoin seeks to move beyond Latin America and become a recognized player in the global market, while Wormhole is focused on linking several major blockchain networks, such as Ethereum and Solana, to create a seamless ecosystem for users.

This venture will enable Mercado Bitcoin to deliver secure and efficient transactions across a wider user base, ultimately driving the development of institutional-grade infrastructure for tokenized products.

The partnership between Mercado Bitcoin and Warmhole is expected to have a significant impact on the tokenized asset market, enabling Mercado Bitcoin to expand its market share and reach more customers worldwide.

"We are excited to partner with Mercado Bitcoin as they continue to expand across Latin America," said Dan Reecer, co-founder of Wormhole Foundation. "We support Mercado Bitcoin in their efforts to connect traditional finance with Web3."

"This partnership marks the beginning of an exciting collaboration that promises to deliver additional innovations in the tokenized financial market."

The partnership between Mercado Bitcoin and Wormhole could transform the tokenization, trade, and access of financial products across various blockchain networks.