Mercado Bitcoin — Brazilian CEX / RWA tokenization overview

Wiki route

This entry sits under exchanges index. Read it against Foxbit for the closest Brazil peer / contrast context, global CEX top 10 comparison for the broader global benchmark, and RWA tokenization × CEX integration for the RWA-on-CEX vertical.

Founded 2013-07 · Brazilian BRL spot CEX · held by 2TM Group · 2021-07 SoftBank Latin America Fund-led $200M round · under BCB / CVM regulation · offers RWA tokenization

1. Entity & shareholders

• Trade name (operating company): Mercado Bitcoin Serviços Digitais Ltda.
• Holding company: 2TM Participações S.A. (2TM Group)
• Founded: 2013-07 (São Paulo, Brazil)
• Founders: Gustavo Chamati, Maurício Chamati, Mauro Andrade
• Major shareholders & funding rounds:
  • SoftBank Latin America Fund: led 2021-07 Series B $200M, valuation $2.1B (South America’s first crypto-industry unicorn)
  • 2X Capital: South-America-focused crypto VC, participated in multiple rounds
  • Tribe Capital — Series B
  • DST Global (Yuri Milner-affiliated) — Series B
  • Coinbase Ventures — strategic investment
  • Parallel Ventures — early investment
  • GP Investments: Brazilian local PE investment
• Subsidiaries & group companies:
  • Mercado Bitcoin Bank (payment-processor related)
  • MB Tokens (tokenization subsidiary)
  • Portal (Web3 wallet / infrastructure)

2. Registration & license status (Brazilian regime)

• Banco Central do Brasil (BCB) authorization: under Lei 14.478/2022 (marco legal de criptoativos, the crypto-asset law, promulgated 2022-12 , in force 2023-06 ), BCB was designated as the authorizing / supervisory authority for VASPs (Prestadores de Serviços de Ativos Virtuais, PSAV)
  • BCB published Resolutions 519 / 520 / 521 in 2025, with the principal authorization and operating rules taking effect on 2026-02-02. Existing providers are subject to transition procedures
• CVM (Comissão de Valores Mobiliários, Brazil’s securities commission): the supervisory authority for tokenized securities; MB Tokens’ RWA tokenization is under CVM regulation
• Receita Federal: crypto taxation / transaction-reporting obligations (monthly transactions above BRL 30,000 require declaration)
• AML/CFT: reporting obligation to COAF (Conselho de Controle de Atividades Financeiras, Brazil’s FIU equivalent)

3. Traded currencies

• BRL spot market
• Offers major crypto assets and Brazil-related products. Because individual listings change over time, this entry does not fix an asset count
• USDT / USDC markets also offered
• MB Tokens (RWA tokenization): sells tokenized products such as precatórios (court-judgment receivables), real-estate stakes, and agricultural receivables (a uniquely Brazilian RWA use case)

4. Scope of business

• Spot trading (centered on BRL pairs)
• Derivatives: futures / margin trading are limited; cautiously observing the regulatory environment
• Staking: limited (custodial staking)
• RWA tokenization: offers tokenized products such as precatórios / real estate / agricultural receivables / SME receivables / solar-power receivables via MB Tokens (**in Brazil, the line between utility tokens and security tokens is operated under Lei 14.478/2022 + CVM ICVM 88 **)
• Fiat deposits: integrated with PIX (the Banco Central do Brasil instant-settlement system), via TED / DOC
• Institutional: MB Institutional, OTC desk

5. How to read scale information

• Market share, 24h volume, rank, and user count change with the observation time and dataset, so this entry does not adopt fixed values
• Brazilian peer comparisons should align BRL pairs, the covered period, and the scope of domestic and overseas platforms
• As a static company-scale reference, distinguish the $200M Series B in 2021-07 from the valuation disclosed at that time

6. History & major events

Source: The entire table is based on Mercado Bitcoin’s official company profile, Lei 14.478/2022, and the Banco Central do Brasil regulatory announcement, checked on 2026-07-29.

7. Strategic developments

• RWA tokenization strategy: productizes Brazil-specific RWAs such as precatórios / agricultural receivables, forming a regional case for RWA × CEX integration
• PIX integration: uses PIX, the Banco Central do Brasil instant-settlement system, as a fiat rail
• BCB / CVM regulatory response: treats the PSAV regime under Lei 14.478/2022 and CVM securities classification as separate regulatory boundaries
• Relationship with SoftBank: continued support from the SoftBank Latin America Fund, and collaboration opportunities with the Latin America Fund’s portfolio companies
• Regional comparison: business in Argentina / Colombia / Mexico is recorded only where an actual entity, authorization, and product offering can be confirmed
• Stablecoin support: records only offerings that can be confirmed as current, such as USDT / USDC markets

8. Positioning in the industry

Mercado Bitcoin is a regional CEX case for examining Brazilian regulation (Lei 14.478/2022 and CVM securities classification), RWA tokenization, and institutional funding together.

Comparison with Foxbit examines RWA products, funding, PIX rails, and regulatory treatment separately. This entry does not fix changing domestic or global ranks or infer an advantage.

Related

• cex-foxbit-brazil — Brazilian BRL spot CEX comparison (most important cross-link)
• global-cex-top10-comparison — Global CEX top 10
• rwa-tokenization-cex-integration — RWA tokenization × CEX integration
• global-vasp-regulatory-comparison-matrix — Global VASP regulatory comparison
• INDEX — Exchange domain index
• cex-coindcx-india — Emerging-market CEX comparison/contrast
• cex-bithumb-korea — Asia-region CEX comparison/contrast

Sources

• Public-information compilation (Mercado Bitcoin / 2TM official IR, mercadobitcoin.com.br / 2tm.io)
• Public-information compilation (Banco Central do Brasil / CVM virtual-asset regulatory statements & circulars)
• Public-information compilation (Lei 14.478/2022 marco legal de criptoativos official-gazette materials)
• Public-information compilation (SoftBank Latin America Fund 2021-07 $200M investment-round announcement)
• Public-information compilation (2X Capital / Tribe Capital / DST Global / Coinbase Ventures investment-round reporting)
• Public-information compilation (BCB ATIVOS VIRTUAIS regulação 2024-2025 public materials)
• Public-information compilation (MB Tokens precatórios tokenization product-rollout reporting, Valor Econômico / Folha de S.Paulo / CoinDesk Brasil)
• Public-information compilation (PIX-integration-related Banco Central do Brasil public materials)