Plume Network Partners with Mercado Bitcoin to Tokenize Brazilian Assets

Real world asset startup Plume Network has partnered with Mercado Bitcoin, a Latin American trading platform, to tokenize $40 million worth of Brazilian asset-backed securities, consumer credit, corporate debt, and accounts receivable.

According to a statement released Wednesday, the initiative aims to create a direct bridge between global capital and emerging market investments, granting users access to yield opportunities in Brazil, which is Latin America’s largest economy.

Mercado Bitcoin plans to utilize Plume Network’s infrastructure and Layer 1 blockchain, enabling the crypto exchange to allow customers worldwide to invest in tokenized Brazilian assets.

The overall market for tokenized real-world assets (RWAs) is experiencing steady growth, reportedly nearly doubling in size over the past year. Recently, the DeFi platform supported by former U.S. President Donald Trump, World Liberty Financial, partnered with real-world asset tokenization firm Ondo Finance to further advance RWA adoption.

With 4 million users, Mercado Bitcoin is well-positioned in Brazil, a strong growth market for digital assets due to its large population, robust economy, and widespread digital payment adoption.

Fabrico Tota, SVP of New Business Development at Mercado Bitcoin, explained, “On one hand, we’re providing small and medium-sized businesses with a direct path to funding through tokenization. On the other hand, we’re empowering local and global investors with access to innovative financial instruments that were once out of reach.”

Plume Network has been actively enhancing its portfolio of real-world assets since raising $10 million last year in a seed funding round led by Haun Ventures. This was followed by a $20 million Series A round, involving investors like Brevan Howard Digital and Galaxy Ventures. Initially, Plume Network was designed to be a Layer 2 on Arbitrum Orbit, according to a spokesperson.