NEOPIN

Boost

United

World

Abu Dhabi, UAE, March 28th, 2024, Chainwire
 
<a href="https://neopin.io/" rel="nofollow noopener" target="_blank">NEOPIN</a>, a Permissioned DeFi protocol, announced today that it will launch Real-World Asset(RWA) based DeFi(Decentralized Finance) products and begin to target the $5.7B global RWA market.
<a href="https://neopin.io/" rel="nofollow noopener" target="_blank">NEOPIN</a> recently made its first foray into the RWA market by launching AI-based multi-yield farming DeFi products. The product features convenient investment using various protocols selected by the in-house developed AI and assets such as sDAI, an RWA token issued by Spark Labs as collateral for US short-term government bonds, USDe, a stablecoin issued by Ethena Labs, and Curve Finance. In addition, NEOPIN will also introduce the AI Ratio Boost feature, which analyzes and recommends appropriate asset management ratios for each user. Starting with the launch of this RWA-based DeFi product, NEOPIN plans to introduce various RWA-based products such as intellectual properties throughout the year to accelerate its efforts in the market.
RWA refers to the digital tokenization of real-world assets such as real estate, art, IPs, ships, aviation, stocks, bonds, etc., and their trading on the blockchain. According to Korbit Research Center's Crypto Market Outlook 2024, in 2023, the total value locked (TVL) in the RWA sector grew by more than 700% year-on-year, from $700 million at the beginning of the year to $5.7 billion by the end of the year. This year, the sector is expected to grow strongly as institutional inflows have begun in earnest and the demand for stable returns is driving demand for RWA. The Boston Consulting Group (BCG) has projected that the RWA market will grow to $16 trillion by 2030.
Ethan Kim, CEO of NEOPIN, said, "NEOPIN has been preparing for the global RWA market in several ways since last year, focusing on partnerships, technology R&amp;D, etc., with RWA as NEOPIN's growth engine." "With the launch of our first RWA-based DeFi product, we will successfully target global crypto users this year and establish NEOPIN as a representative platform for RWA."
About NEOPIN
NEOPIN is an Abu Dhabi-based decentralized financial platform with enhanced trust and stability, based on the Permissioned DeFi protocol.
Since 2017, NEOPIN has been building its blockchain expertise and technology by participating as a node validator operator for various global blockchains, including Ethereum, Tron, Cardano, Cosmos, Klaytn, and Finschia. Last year, the company was selected as an innovative company by the Abu Dhabi Investment Office (ADIO) in the United Arab Emirates (UAE) in recognition of its regulatory compliance and expertise, becoming the first Korean blockchain company to receive direct and indirect investment, and is working with the Abu Dhabi Global Market (ADGM), a financial special zone in the UAE, to create the world's first DeFi regulation in a public-private partnership. Recently, we have selected RWA (Real World Asset) tokenization and DeFi derivatives as future ecosystem expansion areas, and are strengthening related technology research and DeFi product development.
 
 
<h5>Contact</h5>Jamie Kingsley NeoPin j.kingsley@theprgenius.com 
 
 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

NEOPIN Unveils Revolutionary RWA and AI Integration Targetting $5.7B RWA Market (28 Mar)

Chainwire

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