Plume Network and Mercado Bitcoin will tokenize assets worth 40 million US dollars

According to a statement, RWA company Plume Network and Mercado Bitcoin have collaborated on a project to tokenize Brazilian "asset-backed securities, consumer credit, corporate debt and accounts receivable" worth 40 million dollars. Mercado Bitcoin plans to use the infrastructure of Plume Network and its first layer blockchain to allow cryptocurrency exchanges to offer global customers the opportunity to invest in tokenized Brazilian assets. Since raising $10 million in seed funding led by Haun Ventures last year, Plume Network has been actively increasing its real-world asset portfolio. The company subsequently completed a Series A financing round of $20 million, which included participation from Brevan Howard Digital, Galaxy Ventures and Haun Ventures.