Plume Network and Mercado Bitcoin Collaborate to Tokenize $40 Million in Assets
Plume Network is advancing Real-World Asset Finance (RWAfi) in Latin America by partnering with Mercado Bitcoin, a leading digital asset investment platform in the region. The collaboration involves tokenizing $40 million in assets on Plume's blockchain, creating new yield opportunities in Brazil.
- Mercado Bitcoin will tokenize a range of real-world assets including asset-backed securities and corporate debt.
- The tokenized assets will be available for investment on NestCredit from the launch of Plume’s mainnet.
- This initiative aims to democratize investment access for Brazilian SMEs and global investors.
- It will provide stable on-chain returns previously unavailable to many users.
Fabrício Tota from Mercado Bitcoin stated that the initiative connects SMEs with funding through tokenization while offering innovative financial instruments to investors.
Brazil's growing economy and digital payment adoption position it as a promising market for digital asset expansion. Plume Network has secured $10 million in seed funding and raised an additional $20 million in Series A funding, enhancing its RWA offerings and strategic partnerships, including one with Ondo Finance to introduce tokenized US Treasuries products.