Mercado Bitcoin (MB), a digital assets platform, announced its first on-chain sale of Digital Fixed Income tokens in partnership with TradeFinex, based in Dubai and Singapore. This framework represents the first worldwide case of on-chain Brazilian debt issuance in the international market, solidifying MB's position in the growing Real World Assets (RWA) market, which is expected to move US$ 16 trillion by 2030, according to Boston Consulting Group.
The new product is backed by a token from the logistics company Ascensus and was made available through the XDC Network technology, used by TradeFinex. With a three-month maturity, the token offers a dollar gain with an annual interest rate of 9.2%, significantly surpassing U.S. Treasury bonds, which offer rates between 5.25% and 5.5% per year.
Roberto Dagnoni, CEO of 2TM, the parent company of MB, highlighted the importance of expansion: "The idea is to use the B2B services and products we already offer solidly in Brazil to lead this expansion in other countries." He added that the distribution of Digital Fixed Income assets, in which MB is a pioneer, is already widely carried out for Brazilian clients and is accelerating in Portugal.
Since the acquisition of Mercado Bitcoin Portugal in 2022, the international platform has already issued $18 million across 23 products. On-chain presence is driving MB's international expansion, which also has representation in Germany, demonstrating the potential for global business.
Henrique Pocai, MB’s sales director, commented on the internationalization strategy: “We have set up an international sales team focused on finding partners to distribute RWAs of Brazilian corporate debt worldwide. Brazil has one of the highest real interest rates in the world, which attracts foreign investors to these assets.”
For TradeFinex, the partnership with MB is an opportunity to demonstrate the XDC network's RWA tokenization capability. The sales were carried out automatically, minimizing the need for manual intervention, which underscores the efficiency of the technology used.
Diego Consimo, LATAM Director at XDC Network and TradeFinex representative in Brazil, highlighted the importance of the project: "Brazil plays a crucial role in trade finance, but access to international credit is a challenge, especially for SMEs. This pilot project offers a solution to that problem." He added that the XDC Network continues to stand out as a robust platform for tokenization, providing scalable and efficient blockchain solutions that facilitate digital asset management and compliance with global regulatory standards.
