Blockchain firm Plume Network and digital asset platform Mercado Bitcoin announced a new partnership on Wednesday, looking to improve access to Brazilian real-world assets. In a press release shared with Cryptonews, the two firms revealed plans to tokenize $40 million in tangible assets, marking a major step forward in the evolution of financial markets in Latin America. The project involves tokenizing a portfolio of assets, including asset-backed securities, consumer credit, corporate debt, and accounts receivable. By doing so, Mercado Bitcoin said it can offer a range of financial instruments.
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