NEOPIN Ventures into Booming $5.7B Real-World Asset Market with Decentralized Finance (DeFi) Products

NEOPIN, a Permissioned DeFi protocol, announces its entry into the global $5.7B Real-World Asset (RWA) market. By launching AI-based multi-yield farming DeFi products featuring RWA tokens like sDAI and USDe, NEOPIN aims to target global crypto users and establish itself as a representative platform for RWA. With plans to introduce various RWA-based products throughout the year, NEOPIN seeks to accelerate its growth in this burgeoning market.

NEOPIN Ventures into Booming $5.7 Billion Real-World Asset (RWA) Market with Decentralized Finance (DeFi) Products

Abu Dhabi, UAE, March 28, 2024 - NEOPIN, a Permissioned DeFi protocol, has announced its foray into the burgeoning $5.7 billion global Real-World Asset (RWA) market, aiming to tap into the burgeoning demand for digital tokenization of real-world assets.

NEOPIN's strategic expansion into the RWA domain marks a significant milestone in its growth trajectory and further consolidates its position as a leading decentralized finance platform. The company's first foray into the RWA market involves the launch of innovative AI-based multi-yield farming DeFi products. These products provide users with convenient investment opportunities utilizing various protocols meticulously selected by NEOPIN's proprietary AI algorithms. The products' collateral assets include sDAI (an RWA token issued by Spark Labs and backed by US short-term government bonds), USDe (a stablecoin issued by Ethena Labs), and liquidity from Curve Finance.

Further enhancing the user experience, NEOPIN will introduce its AI Ratio Boost feature, which provides personalized asset management ratio recommendations tailored to each user's risk tolerance and investment goals. This feature leverages NEOPIN's advanced AI capabilities to optimize portfolio performance and maximize returns.

Throughout the year, NEOPIN plans to introduce a diverse range of RWA-based products, including intellectual property tokenization, to accelerate its presence in the RWA market. The company's comprehensive approach encompasses partnerships, technology research and development, and a deep understanding of RWA market dynamics.

RWA refers to the digital tokenization of tangible assets, such as real estate, artwork, intellectual property, ships, aviation, stocks, and bonds. This process enables the trading of these assets on blockchain networks, unlocking new investment opportunities for individuals and institutions alike. The tokenization of RWAs opens up a vast untapped market, facilitating greater liquidity, transparency, and efficiency in asset transactions.

According to the Korbit Research Center's Crypto Market Outlook 2024 report, the RWA sector experienced remarkable growth in 2023, with the total value locked (TVL) surging by over 700% year-on-year, reaching $5.7 billion by year-end. The sector's robust growth is attributed to increasing institutional interest and the rising demand for stable returns in volatile markets. The Boston Consulting Group (BCG) projects the RWA market to expand exponentially, reaching a projected value of $16 trillion by 2030.

Ethan Kim, CEO of NEOPIN, expressed his optimism about the potential of the RWA market and NEOPIN's strategic positioning within it: "NEOPIN has been meticulously preparing for our entry into the global RWA market for over a year, focusing on forging partnerships, investing in technology research and development, and establishing RWA as a core growth engine. With the launch of our first RWA-based DeFi product, we are confident in our ability to cater to the needs of global crypto users and establish NEOPIN as a leading platform for RWA trading."

NEOPIN is an Abu Dhabi-based decentralized financial platform that prioritizes trust and stability, leveraging its Permissioned DeFi protocol as its foundation. Since its inception in 2017, NEOPIN has accrued invaluable blockchain expertise and technology by serving as a node validator operator for renowned global blockchains, including Ethereum, Tron, Cardano, Cosmos, Klaytn, and Finschia.

NEOPIN's commitment to regulatory compliance and innovation has been recognized with its selection as an innovative company by the Abu Dhabi Investment Office (ADIO) in the United Arab Emirates (UAE). The company holds the distinction of being the first Korean blockchain company to receive direct and indirect investments from ADIO. NEOPIN is actively collaborating with the Abu Dhabi Global Market (ADGM), a financial special zone in the UAE, to establish the world's first DeFi regulation through a public-private partnership.

NEOPIN's ambitious expansion into the RWA market is a testament to the company's unwavering commitment to innovation and its ability to identify and capitalize on emerging market opportunities. The company's plans to tokenize RWAs and develop DeFi derivatives further solidify its position as a trailblazer in the blockchain and decentralized finance ecosystem.

For further inquiries, please contact:

Jamie Kingsley, NEOPIN

j.kingsley@theprgenius.com

Disclaimer: This press release has been sponsored by our commercial partners.

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