Plume Network and Mercado Bitcoin collaborate to mint $40 million worth of Reinsurance Warrants as tokens
Plume Network and Mercado Bitcoin Partner to Tokenize $40 Million in Brazilian Assets
Plume Network, a blockchain platform designed for real-world asset (RWA) tokenization, has announced a partnership with Mercado Bitcoin, the largest crypto exchange in Brazil. This collaboration aims to tokenize $40 million worth of Brazilian assets, making them available for trading on a global scale.
The partnership is backed by some of the leading Web3 Venture Capital firms, including Brevan Howard Digital, Galaxy Ventures, and Haun Ventures, who participated in Plume Network's recent fundraisings.
Mercado Bitcoin's New Business Development SVP, Fabrico Tota, stated that the partnership will provide small and medium-sized businesses with a direct path to funding through tokenization. This will unlock new opportunities for institutional investors to access tokenized RWAs and enable cross-chain yield tools that distribute returns efficiently across multiple blockchains.
By integrating Mercado Bitcoin's digital asset platform with Plume's modular and compliance-friendly infrastructure, the partnership facilitates secure and transparent asset tokenization tailored for Brazilian financial regulations. This approach aligns with Mercado Bitcoin's status as a trusted gateway for expanding blockchain adoption in Latin America.
The partnership is expected to accelerate growth in the Latin American market, bridging global capital and emerging market investments. It will provide users with direct access to yield opportunities in Brazil and empower local and global investors with access to innovative financial instruments that were once out of reach.
Plume Network's growing market presence, with over $157 million in tokenized assets and rapid growth in tokenized RWA volumes, positions the collaboration to expand the liquidity and usability of digital assets in the region. The tokenization of real-world assets is projected to reach a total market value of $10 trillion by 2030, according to a report by 21.co.
Mercado Bitcoin, with its 4 million users, wants to leverage Brazil's huge population and rapid adoption of digital assets to accelerate growth. The exchange claims that this partnership will offer users innovative financial instruments that were previously inaccessible.
Plume Network secured $30 million across two rounds: a $10 million seed and a $20 million Series A. The partnership is designed to enable the trading of tokenized Brazilian assets to customers around the world.
In summary, the partnership between Plume Network and Mercado Bitcoin combines market reach, compliance know-how, technical capabilities in RWA tokenization, and cross-chain interoperability to bring Brazilian assets onto the blockchain, fostering institutional adoption and driving broader crypto ecosystem growth across Latin America.
The partnership between Plume Network and Mercado Bitcoin, backed by leading Web3 Venture Capital firms, is aimed at tokenizing $40 million worth of Brazilian assets, making them accessible for global investing in finance and technology. This collaboration also provides small and medium-sized businesses with a direct path to funding through tokenization, unlocking opportunities for institutional investors to access tokenized real-world assets.
