[Announcement] NEOPIN formed consortium (RWA Token Alliance) with ELYSIA, Galaxy Metaverse, and BKEX Labs

We have formed a consortium (RWA Token Alliance) with ELYSIA, Galaxy Metaverse, and BKEX Labs, to research and develop a decentralized finance (DeFi) lending protocol based on real-world asset (RWA) tokenization.

This move comes as RWA gains attention from major industry players such as Binance and Coinbase, who recently released RWA reports about it. RWA provides value by mirroring assets that exist in the real world.

Real-world asset (RWA) tokens represent assets in the physical world, such as real estate or cars. RWA tokens provide a more stable and reliable store of value compared to other crypto assets.

As the popularity of RWA tokens continues to grow, major players in the industry have published reports highlighting their potential as a bridge between traditional finance (TradFi) and decentralized finance (DeFi).

These reports indicate that more and more financial institutions and DeFi platforms are recognizing the value of RWA tokens and exploring their potential applications.

The consortium aims to jointly research and develop a decentralized finance (DeFi) lending protocol based on RWA. ELYSIA is a protocol that facilitates the tokenization of real-world assets into RWA tokens that are compatible with blockchain technology. Galaxia Metaverse is a subsidiary of Hyosung Group. Finally, BKEX Labs is the crypto-specialized investment firm that operates a $100 million AUM venture fund and the BKEX exchange.

Learn more about our partner, ELYSIA

NEOPIN Ecosystem — ELYSIA

[Learn more about NEOPIN]

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