Plume Network Expands Real-World Asset Finance (RWAfi) into Latin America through Partnership with Mercado Bitcoin

Plume Network is leading the expansion of Real-World Asset Finance (RWAfi) into Latin America through a new partnership with Mercado Bitcoin

Blockchain infrastructure provider Plume Network is expanding the reach of Real-World Asset Finance (RWAfi) into Latin America through a new partnership with Mercado Bitcoin, one of the region’s largest digital asset investment platforms.

As part of their first blockchain and RWA initiative, Mercado Bitcoin will tokenize $40 million in assets on Plume’s blockchain, unlocking new yield opportunities in Brazil. In a post shared on Medium, Mercado Bitcoin will use Plume’s blockchain infrastructure to tokenize a variety of real-world assets, including asset-backed securities, consumer credit, corporate debt, and accounts receivable. These tokenized assets will be available for investment on NestCredit from the first day of Plume’s mainnet launch, providing broader access to stable, on-chain returns.

Mercado Bitcoin’s Senior Vice President of New Business Development, Fabrício Tota, commented on the partnership, stating that it aims to provide small and medium-sized businesses with direct access to funding through tokenization, while also enabling local and global investors to access innovative financial instruments that were previously unavailable.

With Mercado Bitcoin boasting over 4 million users and Brazil having a large population, robust economy, and increasing adoption of digital payments, it presents a promising market for the expansion of digital assets. Plume Network is working with Mercado Bitcoin to foster lasting economic growth in Brazil and beyond, making it easier for investors to engage with the country’s economy.

Plume Network has been expanding its offerings in the real-world asset space after securing $10 million in seed funding from Haun Ventures last year. The company went on to raise $20 million in a Series A round with participation from Brevan Howard Digital, Galaxy Ventures, and returning investor Haun Ventures.

One of the key strategic partnerships formed by Plume Network includes Ondo Finance, which will be broadening the applications of RWAfi by launching its tokenized US Treasuries products directly on the Plume Network, including USDY, a yield-generating coin backed by US Treas