#FOMOPay

Lotus Tech Drives Into RWA Tokenization With Finloop and FOMO Pay Partnership

Lotus Technology Inc. has initiated an exploratory collaboration with infrastructure provider Finloop and payment processor FOMO Pay to investigate the tokenization of luxury vehicles. This partnership aims to transform physical cars into on-chain digital assets, potentially enabling fractional ownership and new distribution channels for the manufacturer. By leveraging FOMO Pay’s licensed payment capabilities in the Asia-Pacific region, the project seeks to bridge the gap between fiat and digital currency settlements for high-value assets. While no technical roadmap or specific blockchain has been announced, the move signals a shift from simple NFT-based marketing toward structural financial integration. This initiative highlights the growing interest among legacy luxury brands in utilizing blockchain to unlock liquidity for depreciating physical assets. The project faces significant hurdles, including complex regulatory requirements for cross-border securities and the necessity for robust physical asset auditing. As the RWA market surpasses $20 billion in total value, this collaboration serves as a notable case study in applying tokenization to non-traditional asset classes beyond real estate and debt.

cryptonews.net·2h ago