Mercado Bitcoin Issues $20 Million Tokenized Credit on Rootstock
Latin America-based digital asset platform Mercado Bitcoin has expanded its initiative in the real world assets (RWAs) sector by issuing over $20 million in tokenized private credit on the Bitcoin sidechain Rootstock. According to Cointelegraph, the platform’s various offerings reached their target capacities shortly after launch. This move is accelerating the integration of Bitcoin’s ecosystem with DeFi and tokenized assets.
Private credit platforms. Source: RWA.xyz
$100 Million Issuance Target: April Plans
Aiming for a $100 million issuance by April, Mercado Bitcoin is solidifying its leadership in the RWA market. According to RWA.xyz data, the platform ranks among the world’s top 10 tokenized private credit issuers with a cumulative $370 million in loans. The issued assets consist of Brazilian and foreign receivables (including a US company). As Business Director Lucas Pinsdorf noted, these products focus on institutional debt and offer security backed by BTC detailed analysis.
Multi-Chain Tokenization: XLM and XRP Ledger Integrations
Rootstock has been added to Mercado Bitcoin’s multi-chain strategy; RWA issuances are also planned on XLM futures and XRP Ledger. This provides international investors with access to Bitcoin-backed Latin American private debt markets. In the region, platforms like Ripio are also developing tokenized financial instruments, increasing competition.
Regulation and BTC Technical Status: Foundation of RWA Growth
The platform operates within a regulated framework under the oversight of Brazil’s Securities Commission (CVM) and Central Bank licenses. BTC is currently at $75,880.32, in a downtrend with a 24h -3.08% drop (RSI 27.09, Supertrend Bearish). Strong supports S1 $72,929.92 (⭐ STRONG, -4.32%) and S2 $75,471.83 (-0.99%). Resistances R1 $77,794.75 (+2.06%). Despite this volatility, sidechains like Rootstock stabilize RWAs with BTC security. XRP detailed analysis may also offer similar opportunities.
Source: https://en.coinotag.com/mercado-bitcoin-issued-20m-rwa-on-rootstock