Mercado Bitcoin, one of Latin America’s largest cryptocurrency exchanges, is teaming up with Polygon Labs to expand the tokenization of real-world assets (RWAs) in the region.

The initiative aims to issue more than $200 million in tokenized assets this year, more than doubling the platform’s current total.

The partnership focuses on integrating Polygon’s blockchain infrastructure into Mercado Bitcoin’s tokenization process, according to a press release shared with CoinDesk.

“The Polygon network enables fast and affordable transactions, positioning MB as a technological and financial leader both in Latin America and globally,” said Fabrício Tota, Mercado Bitcoin’s vice president of new business.

Since launching its asset tokenization unit, MB Tokens, São Paulo-based Mercado Bitcoin has issued more than 340 tokenized products, totaling roughly $180 million. These include tokenized private credit, fixed-income instruments, and revenue-sharing products.