NEOPIN, 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.
NEOPIN 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&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.”
