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Digital Asset Platform Mercado Bitcoin and Plume Network Tokenize $40M in Brazilian Assets


Feb, 12, 2025
3 min read
by Tanzeel Akhtar
for Cryptonews
Digital Asset Platform Mercado Bitcoin and Plume Network Tokenize $40M in Brazilian Assets

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 that have traditionally been available only through conventional channels.

Plume Network has been recognized as an L1 RWA Chain purpose-built for Real World Asset Finance, and is partnering with Mercado Bitcoin, a digital asset investment platform in the region.

Plume Network and Mercado Bitcoin’s First RWA Project

This collaboration will see Mercado Bitcoin launching its first public blockchain and RWA project, creating a connection for global investors to access yield opportunities in Brazil.

“Mercado Bitcoin is our definitive partner for Brazil. We are honored that they have chosen Plume’s purpose-built infrastructure to power the tokenization and distribution of real-world assets at scale,” said Chris Yin, CEO of Plume Network.

“This collaboration is a natural response to market demand for high-quality financial instruments that are accessible to everyone. Today, we are making strides towards a future where innovative investments are available to a broader audience,” said Yin.

Mercado Bitcoin’s senior vice president of business development, Fabricio Tota, said that the partnership is central to their mission of democratizing financial markets via blockchain technology.

Tota explains that the move not only opens new avenues for small and medium-sized businesses to secure funding but also empowers both local and global investors by offering access to new financial products.

By using Plume Network’s interoperable infrastructure, Mercado Bitcoin’s tokenized assets will integrate with various decentralized finance protocols, improving liquidity, allowing yield generation, and enabling cross-border financial inclusion.

Tokenization and RWA Adoption May Take Time

Demand for tokenized treasuries is on the rise. Recent data indicates that more than $1 billion in treasury notes have been tokenized on public blockchain networks.

While tokenized treasuries provide a number of benefits, how investors will engage with these new assets is unclear.

Andrew O’Neill, digital assets managing director of S&P Global Ratings, explains that the recent launch of BlackRock’s BUIDL fund – currently the world’s largest tokenized treasury fund – seems to be accelerating this trend, reports Rachel Wolfson.

“This asset class is still emerging, and investor interest likewise,” said O’Neill. “A significant jump in investor interest requires that investors can fully realize the benefits of holding a tokenized asset.”

As collaborations expand throughout Latin America, direct involvement from platforms like Mercado Bitcoin and networks such as Plume Network may help bridge traditional and digital finance.

By tokenizing real-world assets, these markets could benefit from faster transactions, broader participation, and new funding methods.

The outcome may serve as an example of how blockchain can diversify investment access—especially for those seeking to engage with a wide array of assets.

The post Digital Asset Platform Mercado Bitcoin and Plume Network Tokenize $40M in Brazilian Assets appeared first on Cryptonews.

Read the article at Cryptonews

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Trader Predicts Rallies to New All-Time Highs for Large-Cap Crypto, Says Altcoin Flashing Clean Setup


Feb, 12, 2025
2 min read
by Henry Kanapi
for The Daily Hodl

A widely followed analyst believes that one large-cap altcoin now has a compelling narrative that will fuel its surge to a fresh record high.

Pseudonymous analyst Kaleo tells his 685,600 followers on the social media platform X that Litecoin (LTC) appears to be mimicking its 2021 bull market pattern when it shattered a diagonal resistance before surging to a cycle high.

According to Kaleo, LTC is repeating a similar price action but he thinks Litecoin will ascend to new all-time highs and breach the $1,000 price area, fueled by the LTC exchange-traded fund (ETF) narrative.

“LTC/Litecoin

I’ve been waiting for this HTF (high time frame) setup to look like this since the last halving in August of ’23.

It’s so insanely clean and simple, and with Bloomberg moving it to the highest % chance for an ETF approval this year, it finally has a narrative to happen.

Send it to new all-time highs with haste.” 

Image
Source: Kaleo/X

Looking at the trader’s chart, he seems to predict that LTC will rally to as high as $1,200. At time of writing, LTC is worth $119.02.

Earlier this week, Bloomberg ETF analyst James Seyffart said Litecoin has the highest odds of getting the next ETF approved, at 90%. He also said the U.S. Securities and Exchange Commission (SEC) has given no indication that it thinks LTC is a security.

“There’s some more work that needs to be done on that front that doesn’t need to happen with something like Litecoin. The SEC has never called Litecoin a security so, I wouldn’t be surprised if you see Litecoin come first.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Trader Predicts Rallies to New All-Time Highs for Large-Cap Crypto, Says Altcoin Flashing Clean Setup appeared first on The Daily Hodl.

Read the article at The Daily Hodl

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