PANews reported on February 13 that according to The Block, RWA (real world asset) company Plume Network has reached a cooperation with Latin American trading platform Mercado Bitcoin, planning to tokenize Brazil's $40 million worth of asset-backed securities, consumer credit, corporate debt and accounts receivable.
Mercado Bitcoin will use Plume Network's Layer 1 blockchain infrastructure to provide global investors with investment opportunities in Brazilian assets. The partnership aims to connect global capital with emerging market investments and drive growth in the RWA market. Currently, Brazil is seen as a key market for the growth of digital assets due to its large economic size and digital payment penetration.
