The Bitcoin Market (MB), digital asset platform, announced the completion of its first on-chain sale of Digital Fixed Income tokens in partnership with TradeFinex, based in Dubai and Singapore. This framework represents the first global case of Brazilian debt issuance on-chain in the international market, solidifying MB's position in the growing Real World Assets (RWA) market, that is expected to move US$ 16 trillion by 2030, according to the Boston Consulting Group
The new product is backed by a token from the logistics company Ascensus and was made available through the technology of the XDC Network, used by TradeFinex. Due in three months, the token offers a gain in dollars with an annual interest of 9,2%, significantly outperforming U.S. Treasury bonds, that offer rates between 5,25% and 5,5% per year
Roberto Dagnoni, CEO of 2TM, controller of the MB, highlighted the importance of expansion: “The idea is to use the B2B services and products we already offer solidly in Brazil to drive this expansion front in other countries”. He added that the distribution of Digital Fixed Income assets, in which the MB is a pioneer, it 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 reached US$ 18 million issued in 23 products. The on-chain presence is driving the international expansion of MB, which also has representation in Germany, demonstrating the potential of global business
Henrique Pocai, sales director of MB, he commented on the internationalization strategy: "We set up an international sales team focused on finding partners to distribute RWA of debts from Brazilian companies worldwide. Brazil has one of the highest real interest rates in the world, what attracts foreign investors to these assets
For TradeFinex, the partnership with MB is an opportunity to demonstrate the tokenization capability of RWA of the XDC network. The sales were conducted in an automated manner, minimizing the need for manual intervention, what underscores the efficiency of the technology used
Diego Consimo, Director of LATAM at XDC Network and representative of TradeFinex in Brazil, highlighted the importance of the project: “Brazil plays a crucial role in financing trade, but access to international credit is a challenge, especially for SMEs. This pilot project offers a solution to this 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 the management of digital assets and compliance with global regulatory standards
