Mercado Bitcoin Issues $20M Tokenized Credit on Rootstock

Mercado Bitcoin, a prominent digital asset platform in Latin America, has deployed $20 million in tokenized private credit on the Rootstock Bitcoin sidechain. This allocation is intended to target $100 million by 2026.

The process, overseen by Lucas Pinsdorf, Business Director at Mercado Bitcoin, involved assets such as receivables and corporate debt from both Brazilian and foreign borrowers, including an American company.

Investor Confidence Boosted by Regulatory Compliance

Mercado Bitcoin’s move indicates a growing demand for yield-bearing digital assets. The platform operates under the regulation of Brazil’s Comissão de Valores Mobiliários (CVM) and the Central Bank of Brazil, enhancing investor confidence.

Rapid sales of the $20 million offerings suggest positive financial and technological outcomes. Lucas Pinsdorf reported success in reaching target capacity quickly, reinforcing their confidence in achieving the $100 million goal by 2026. “Rapid sales of the $20 million offering, boosting confidence in the $100 million target,” according to Lucas Pinsdorf, Business Director, Mercado Bitcoin. source

Mercado Bitcoin Among Top with $370M in Loans

Mercado Bitcoin ranks among the world’s top tokenized credit issuers, with over $370 million in loans. Echoing regional trends, Argentina’s Ripio introduced stablecoins, demonstrating a robust appetite for on-chain debt products.

Kanalcoin experts suggest that Mercado Bitcoin’s expansion reflects the increasing interest in diversified digital credit products. The success of initial offerings could lead to increased utilization of Rootstock’s capabilities and broader crypto market adoption.