Mercado Bitcoin, the largest crypto exchange of Brazil, announced a new partnership with Wormhole on Wednesday to expand the reach of his tokenized financial assets.
This new partnership is intended to expand more than $ 200 million in tokenized assets, including private credit offers, in more than 30 blockchain ecosystems.
The exchange-based exchange based in Rio de Janeiro is already an important player in the Latin American landscape of Digital Asset, with more than 4 million customers and a growing portfolio of Tokenized offers. By integrating the interoperability protocol of Wormhole, MB wants to offer a more scalable and more transparent solution for issuing and trade on chains, especially in the disadvantaged secondary markets for private credit.
“This collaboration with Wormhole marks a crucial 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 go beyond regional boundaries and to connect our tokenized assets with a real global, multichain environment.”
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Long -term structure
As part of the agreement, the Wormhole Foundation will also make a strategic investment in one of MB’s tokenized products. The companies note that this is the first phase of what is described as a long -term alliance.
Wormhole has already supported more than $ 3 billion in Multichain tokenized assets under management by partnerships with financial giants such as BlackRock, Apollo and Securitize, sees this as an important extension to the Latin -American market.
With this partnership we deepen our presence in Latin America and we continue to grow our leadership in offering critical infrastructure for scaling assets of institutional quality, ”said Reecer, co-founder of the Wormhole Foundation.
The partnership is designed to tackle long -term liquidity and access problems in the Tokenized -Financial sector. MB wants to simplify the movement of Tokenized assets over different blockchain networks. This is expected to improve transparency and reduce friction on global financial markets.
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