Latin American digital asset platform Mercado Bitcoin has announced the deployment of over $20 million in tokenized private credit utilizing the Rootstock sidechain. This strategic move is part of the company”s ongoing initiative to expand its offerings in real-world assets (RWAs), with a goal of reaching $100 million in issuances by April.
In a statement to Cointelegraph, Mercado Bitcoin revealed that several of its recent offerings have already met their target capacities shortly after their launch. This addition of Rootstock complements Mercado Bitcoin”s existing multichain tokenization strategy, which also includes plans for RWA issuances on platforms such as Stellar and the XRP Ledger. This diversification aims to provide international investors with Bitcoin-secured access to private debt markets across Latin America.
Lucas Pinsdorf, the business director at Mercado Bitcoin, highlighted that the newly issued assets encompass a variety of receivables and corporate debt, which support both Brazilian and international borrowers. “What is particularly interesting is that these are not limited to Brazilian companies,” he noted. “Within the issuances, Mercado Bitcoin also chose to issue debt for an American company.”
According to data from RWA.xyz, Mercado Bitcoin is now positioned among the top 10 global tokenized private credit issuers, boasting over $370 million in cumulative loans. However, it still trails behind the leading players in the sector, who have each issued a minimum of $5.4 billion.
Pinsdorf elaborated that the private credit tokens offered by Mercado Bitcoin are structured in compliance with Brazil”s regulatory framework, leveraging licenses overseen by the Comissão de Valores Mobiliários (CVM) and the Central Bank of Brazil. This adherence to regulation is crucial as Latin America witnesses an increasing trend towards on-chain yield-bearing instruments.
As part of this regional movement, the Argentine crypto exchange Ripio has recently introduced local currency stablecoins and tokenized sovereign exposure, reflecting a broader effort to bridge traditional credit markets with blockchain liquidity.
Pinsdorf expressed optimism regarding the future of tokenized finance, stating, “We hope for clearer and more objective frameworks on how the path to tokenization in the financial market will be paved.” Mercado Bitcoin continues to engage with regulators to shape the future landscape of tokenized financial products.
