One of the biggest cryptocurrency exchanges in Latin America is collaborating with Polygon Labs to enhance the tokenization of real-world assets (RWAs) across the region.
This initiative has set a goal to release over $200 million in tokenized assets this year, more than doubling the current total on the platform.
The partnership is centered around incorporating Polygon’s blockchain technology into the asset tokenization efforts of the exchange, as detailed in a recent announcement.
Fabrício Tota, vice president of new business at the exchange, noted, “The Polygon network facilitates rapid and cost-effective transactions, establishing us as a leader in technology and finance in both Latin America and the global market.”
Since the launch of its asset tokenization division, MB Tokens, the exchange, based in São Paulo, has rolled out over 340 tokenized products, amounting to approximately $180 million. This diverse range includes tokenized private credit, fixed-income instruments, and revenue-sharing solutions.