The Klaytn Foundation, PT. Pelayaran Korindo, an Indonesian multinational firm, and NEOPIN, a global CeDeFi protocol, have signed an MOU to promote RWA tokenization. This collaboration uses their Web3 financial expertise to boost Asian RWA tokenization.

Klaytn Foundation Expands Real-World Applications

This alliance aims to create a viable RWA tokenization business model. Their plan begins with tokenizing PT. Pelayaran Korindo ship assets. Ship finance involves using ships as collateral for shipbuilding and acquisition. Last year, the global ship financing market—leasing, export finance, and alternative suppliers—was $525 billion. Asia-Pacific (APAC) now accounts for 44% of the global market, up from 40% when it was founded. The Klaytn Foundation believes tokenizing ship assets will make ship finance more accessible to ordinary investors and institutions. This will diversify Web3-based financial investing assets.

Over the last year, the Klaytn Foundation has expanded Real-World Applications (RWA) use cases across the ecosystem. These endeavors aim to mainstream blockchain technology. The academics have partnered with RWA tokenization startups to create efficient business models that consider technological, regulatory, and commercial factors.

NEOPIN wants to digitize, improve liquidity, and make the most of Pelayaran Korindo’s tokenized assets. They already run a victorious CeDeFi service that combines the stability and dependability of decentralized finance (DeFi) with the security measures of Know Your Customer (KYC) and Anti-Money Laundering (AML) from centralized finance.

Klaytn Foundation’s RWA Products Set to Revolutionize Real-World Asset Accessibility

Through Web3, its broad worldwide business network, its translation competence, and its Southeast Asian partner network, Indonesian shipping company PT. Pelayaran Korindo will provide valuable insights into real-world asset accessibility. The expected strategic cooperation will advance the digital transformation of conventional banking systems and RWA tokenization in the sector.

The Klaytn Foundation, PT. Pelayaran Korindo, and NEOPIN present compelling Real World Asset (RWA) products with accessibility and distinctiveness. They want to dominate the global RWA sector, starting with ship finance.

The Klaytn blockchain’s quick processing and low transaction costs make it ideal for digital asset trading platforms for investment product issuers and customers. Sangmin Seo, Klaytn Foundation Representative Director, noted the foundation’s skill in service-building, including identifying outstanding RWA tokenization initiatives and launching real services. The individual expressed interest in working with Pelayaran Korindo and NEOPIN to assist international RWA tokenization activities beyond maritime finance and into other sectors.