Mercado Bitcoin, Brazil’s largest crypto exchange, announced on Wednesday a new partnership with Wormhole to expand the reach of its tokenized financial assets.
This new partnership aims to expand over $200 million in tokenized assets, including private credit offerings, across more than 30 blockchain ecosystems.
The Rio de Janeiro-based exchange is already a major player in Latin America’s digital asset landscape, with over 4 million clients and a growing portfolio of tokenized offerings. By integrating Wormhole’s interoperability protocol, MB seeks to offer a more scalable and transparent solution for on-chain asset issuance and trading, especially in the underserved secondary markets for private credit.
“This partnership with Wormhole marks a pivotal step in our mission to democratize access to digital assets,” said Fabrício Tota, Vice President of New Business Development at MB. “Wormhole, now our official interoperability partner, enables us to scale beyond regional boundaries and connect our tokenized asset ecosystem to a truly global, multichain environment.”
Long-term structure
Wormhole already supports more than $3 billion in multichain tokenized assets under management through partnerships with financial giants like BlackRock, Apollo, and Securitize, sees this as a key expansion into the Latin American market.
With this partnership, we’re deepening our presence in Latin America, as well as further growing our leadership in providing critical infrastructure for scaling institutional-grade assets,” said Dan Reecer, co-founder of the Wormhole Foundation.
The partnership is designed to address longstanding liquidity and access issues in the tokenized finance sector. MB aims to simplify the movement of tokenized assets across different blockchain networks. This is expected to improve transparency and reduce friction in global financial markets.
Source: crypto.news
