rewrite this title and make it good for SEO Plume Network and Mercado Bitcoin Team Up to Tokenise $40M Worth of RWAs – NFTgators

Quick take:

The Latin American trading platform wants to enable the trading of tokenised Brazilian assets to customers around the world.

Mercado Bitcoin claims to have 4 million users and wants to leverage Brazil’s huge population and rapid adoption of digital assets to accelerate growth.

Plume Network is backed by some of the leading Web3 VCs including Brevan Howard Digital, Galaxy Ventures and Haun Ventures.

Plume Network has partnered with Mercado Bitcoin to bring $40 million worth of tokenised real-world assets to the Latin America-based trading platform. Mercado Bitcoin will leverage Plume Network’s blockchain infrastructure and layer-1 blockchain to tokenise asset-backed securities, consumer credit, corporate debt, and accounts receivable.

The trading platform wants to enable the trading of tokenised Brazilian assets to customers around the world. Mercado Bitcoin claims to have 4 million users and wants to leverage Brazil’s huge population and rapid adoption of digital assets to accelerate growth.

The offering seeks to bridge global capital and emerging market investments, providing users direct access to yield opportunities in Brazil, the companies said in a statement on Wednesday.

Commenting on the partnership, Mercado Bitcoin’s New Business Development SVP Fabrico Tota said in a statement: “On one hand, we’re providing small and medium-sized businesses … with a direct path to funding through tokenization,” and on the other, “we’re empowering local and global investors with access to innovative financial instruments that were once out of reach.”

The announcement comes as the tokenisation of real-world assets continues to gain traction with the industry projected to hit a total market value of $10 trillion by 2030, according to a report by 21.co.

The partnership also comes following Plume Network’s recent fundraisings, which saw it secure $30 million across two rounds (a $10 million seed and a $20 million Series A) that attracted participation from the likes of Brevan Howard Digital, Galaxy Ventures and Haun Ventures.

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