Brazil’s leading crypto exchange, Mercado Bitcoin, has started tokenizing $200 million in assets on the XRP Ledger, backed by Ripple.
Ripple and Boston Consulting Group predict the tokenized RWA market cap could reach $19 trillion by 2033, driving increased institutional interest in asset tokenization.
Regulatory developments and corporate actions, such as Ondo Finance's acquisition of Oasis Pro and Centrifuge's plan to tokenize the S&P 500 index, are shaping the tokenization space.
Challenges remain, with regulatory uncertainty and concerns over shareholder rights in tokenized equities, but tokenization is seen as the future of capital markets.