NEOPIN Partners with Japanese Blockchain Company Cabinet for STO and RWA Initiatives

Key Takeaways

• Cabinet is a blockchain development and consulting firm focused on node validation.
• Both companies aim to lead the blockchain ecosystems in Korea & Japan, and actively explore joint ventures related to STO and RWA.

Global CeDeFi protocol NEOPIN has announced a strategic partnership with Japanese blockchain specialized company Cabinet to spearhead Security Token Offering (STO) and Real World Asset (RWA) initiatives between South Korea and Japan.

Cabinet is a Japanese blockchain firm primarily focused on node validation business, blockchain development, and consulting. Starting from October this year, Cabinet plans to actively establish the foundation for STO and RWA in their portfolio. Akihisa Ishida, the CEO of Cabinet, has been involved in the blockchain industry since 2017, contributing to various projects such as the development of Japan’s first blockchain game ‘Crypto Ninja,’ infrastructure for blockchain gaming, overseeing operations at Aves Technology under AVEX Corporation in Japan, and developing digital certificate issuance services.

Through this partnership, NEOPIN and Cabinet aim to lead STO and RWA business development in both South Korea and Japan. Given the substantial expertise of both companies in blockchain, a commitment exists to advance the exchange of blockchain ecosystems between the two nations and actively explore joint ventures related to STO and RWA. NEOPIN is currently a member of the RWA consortium alongside projects like ELYSIA and Galaxy Metaverse. With a focus on consortium activation, both companies are closely monitoring Japan’s regulated STO market in various fields, including stocks, corporate bonds, and real estate. Furthermore, the plan involves promoting the expansion of the blockchain ecosystem by facilitating Korean and Japanese web3 project discovery, mutual national market entry support, and consultancy services, especially for NEOPIN partner companies entering the Japanese market.

NEOPIN has been participating as a node validator for various blockchain networks such as Ethereum, Tron, Cardano, and Cosmos since 2017, accumulating expertise and technical knowledge in the space. Last year, NEOPIN launched the CeDeFi protocol, providing a secure and user-friendly decentralized finance (DeFi) platform. This year, NEOPIN was selected as a business to be supported by the Innovation Program of the Abu Dhabi Investment Office (ADIO) in the United Arab Emirates (UAE) and has attracted both direct and indirect investments. NEOPIN is also collaborating with Abu Dhabi Global Market (ADGM) in the UAE to develop the world’s first jointly created DeFi regulatory framework through public-private cooperation.

Ethan Kim, CEO of NEOPIN, stated, “Since announcing our enhanced strategy for the Japanese market in August, we have been aggressively forging partnerships with various Japanese blockchain projects, including NFT marketplaces, NFTFi, and major blockchain media.” He added, “Through our partnership with Cabinet, we anticipate expanding NEOPIN’s presence in Japan and creating new opportunities for STO and RWA between South Korea and Japan.”

Akihisa Ishida, CEO of Cabinet, commented, “STO and RWA are gaining attention in Japan, and Cabinet plans to establish the foundation for STO and RWA through node operations and consulting services in Japan.” He further noted, “With the potential for increased cross-border asset trading between Japan and South Korea due to the liquidity enhancements offered by STO, we look forward to revitalizing asset exchanges between the two countries through collaboration with NEOPIN.”

About NEOPIN

NEOPIN is a CeDeFi protocol that provides secure crypto asset management and DeFi access within a regulated environment. It will be a crypto super-app that provides an environment where NEOPIN users hold their assets through its own non-custodial wallet, while providing traditional bank-level security and customer protection, with all transactions transparently taking place on public blockchains such as Ethereum and L1s. Recently, NEOPIN was selected to participate in the Innovation Programme of the Abu Dhabi Investment Office (ADIO) in the UAE, a leader in the blockchain industry, making it the first DeFi in the world to work with regulators to create regulations to foster the DeFi industry. For more information, follow NEOPIN on Twitter.