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Bitcoin Market links with Wormhole to expand $200 million in tokenized assets portfolio

Bitcoin Market collaborates with Wormhole to amplify $200 million worth of tokenized financial assets across over 30 chains, aiming for enhanced liquidity, transparency, and global presence in the private credit markets.

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Crypto Giant Mercado Bitcoin Goes Global with Wormhole Partnership

Breaking new grounds, Mercado Bitcoin (MB), the leading crypto exchange in Brazil, recently announced a partnership with Wormhole to extend the reach of its tokenized financial assets. This move aims to distribute over $200 million in tokenized assets, including private credit offerings, across more than 30 blockchain networks.

MB, already a key player in Latin America's digital asset landscape, boasts over 4 million clients and a burgeoning portfolio of tokenized offerings. By incorporating Wormhole's interoperability protocol, MB seeks to provide a more extensive and transparent solution for on-chain asset issuance and trading, particularly in the underserved secondary markets for private credit.

According to Fabrício Tota, Vice President of New Business Development at MB, this partnership with Wormhole represents a significant milestone in their mission to make digital assets accessible to all. With Wormhole on board as an official partner, MB can now expand beyond national borders and connect its tokenized asset ecosystem to a truly global, multichain environment.

As part of the agreement, the Wormhole Foundation will make a strategic investment in one of MB's tokenized products. This partnership, according to the companies, marks the first phase of a long-term alliance. Wormhole, which supports over $3 billion in multichain tokenized assets under management through partnerships with financial titans like BlackRock, Apollo, and Securitize, sees this as a crucial step into the Latin American market.

Dan Reecer, co-founder of the Wormhole Foundation, shares this sentiment, stating, "This partnership allows us to deepen our presence in Latin America, further growing our leadership in providing critical infrastructure for scaling institutional-grade assets."

The partnership aims to address longstanding liquidity and access issues within the tokenized finance sector. By simplifying the movement of tokenized assets across different blockchain networks, MB seeks to improve transparency and reduce friction in global financial markets.

Revolutionizing Cross-Chain Asset Transfers

This collaboration positions MB as a front-runner in facilitating cross-border digital asset flows, with the potential to reshape Latin America's role in the global decentralized finance (DeFi) landscape. By bridging Latin American markets with broader blockchain networks, MB aims to offer a more comprehensive and transparent solution for on-chain asset issuance and trading, ultimately democratizing access to digital assets.

  1. Mercado Bitcoin is extending its reach of tokenized financial assets, having partnered with Wormhole, a move aimed at distributing over $200 million in tokenized assets across more than 30 blockchain networks.
  2. With this partnership, Mercado Bitcoin, a key player in Latin America's digital asset landscape, seeks to provide a more extensive and transparent solution for on-chain asset issuance and trading.
  3. Fabrício Tota, Vice President of New Business Development at Mercado Bitcoin, stated that this partnership with Wormhole is a significant milestone in their mission to make digital assets accessible to all.
  4. The Wormhole Foundation, having made a strategic investment in one of Mercado Bitcoin's tokenized products, sees this partnership as a crucial step into the Latin American market.
  5. By incorporating Wormhole's interoperability protocol, Mercado Bitcoin can now expand beyond national borders and connect its tokenized asset ecosystem to a truly global, multichain environment.
  6. This partnership, according to the companies, represents the first phase of a long-term alliance, which aims to address longstanding liquidity and access issues within the tokenized finance sector.
  7. By simplifying the movement of tokenized assets across different blockchain networks, Mercado Bitcoin, and Wormhole, can potentially revolutionize Latin America's role in the global decentralized finance (DeFi) landscape.
Cryptocurrency platform Mercado Bitcoin partners with Wormhole to amplify $200 million in tokenized financial assets across over 30 digital networks. The objective is to enhance liquidity, transparency, and international reach for private credit markets.

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