Korean Consortium to Develop DeFi Lending Protocol for Real-World Assets

NEOPIN, Galaxia Metaverse, and BKEX Labs have joined forces to develop a DeFi lending protocol, ELYFI, that uses real-world assets as collateral, including tokenized real estate and cars. The project aims to increase income and stability in the DeFi lending market and offer traditional companies fast asset transfers. ELYSIA, the real-world asset tokenization protocol behind ELYFI, is a DAO LLC in Wyoming, that allows customers to pursue legal action. JPMorgan also sees the future of real-world asset transfers on public blockchains. Citibank predicts tokenization will grow 80 times in private markets as the next "killer use case" for blockchain.