Mercado Bitcoin announced the tokenization of over $200 million in real-world assets (RWAs) using Ripple's XRP Ledger (XRPL) in Latin America on July 7, 2025. This initiative aims to integrate traditional financial instruments into the blockchain ecosystem. The strategic use of XRPL, known for its speed and security, is key to handling regulated financial products.
As of July 7, 2025, XRP is trading at $2.27, up 2.25% from the previous close. The day's trading saw a high of $2.29 and a low of $2.21. Analysts, like CrediBULL Crypto, are optimistic, with potential targets of $16 and $32 based on Elliott Wave Theory projections.
This tokenization project by Mercado Bitcoin is a significant step in merging traditional finance with blockchain technology. It enhances XRP's utility and adoption, potentially leading to increased institutional adoption of digital assets.