PANews reported on March 12 that according to CoinDesk, Latin American cryptocurrency exchange Mercado Bitcoin is working with Polygon Labs to expand the tokenization of real-world assets (RWA) in the region. The plan aims to issue more than $200 million in tokenized assets this year, which will more than double the current total volume of the platform. The focus of this collaboration is to integrate Polygon's blockchain infrastructure into Mercado Bitcoin's tokenization process.

According to reports, Mercado Bitcoin, headquartered in Sao Paulo, has issued more than 340 tokenized products with a total value of approximately US$180 million since the establishment of its asset tokenization division, MB Tokens. These products include tokenized private credit, fixed income instruments and revenue sharing products.