Brazil’s premier crypto exchange, Mercado Bitcoin (MB), has unveiled a significant collaboration with Wormhole, aiming to dramatically increase the accessibility of its tokenized financial assets.
This strategic move targets scaling over $200 million in digital assets, primarily private credit instruments, across more than 30 different blockchain networks. This highlights the growing trend of real-world asset tokenization.
With a user base exceeding 4 million, the Rio de Janeiro-based platform is a dominant force in Latin America’s digital finance scene. Integrating Wormhole’s cross-chain protocol allows MB, considered one of the best crypto exchanges regionally, to enhance the scalability and transparency of on-chain asset management, particularly addressing liquidity gaps in secondary private credit markets.
“This partnership with Wormhole marks a pivotal step in our mission to democratize access to digital assets,” stated Fabrício Tota, MB’s Vice President of New Business Development. He added, “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.”
Further solidifying the relationship, the Wormhole Foundation plans a strategic investment into one of Mercado Bitcoin’s tokenized offerings. Both companies emphasize this is merely the initial phase of a planned long-term strategic alliance.
Wormhole, which already facilitates over $3 billion in multichain tokenized assets via collaborations with major financial players like BlackRock and Securitize, views this partnership as a crucial entry into the expanding Latin American digital asset 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,” commented Dan Reecer, co-founder of the Wormhole Foundation.
The collaboration seeks to tackle persistent challenges related to liquidity and accessibility within the tokenized finance space. By leveraging Wormhole, MB intends to streamline the transfer of tokenized assets between diverse blockchain ecosystems, fostering greater transparency and efficiency in global markets.