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Mobility Ecosystem MVL Concludes E-Vehicle RWA Pilot Project


Source: MVL

Future Plans for Global Expansion

Kay Woo, CEO at MVL, commented, “We can transform traditional financial services for vehicles into affordable products through blockchain, lowering the barrier as it used to be hindered by complicated relationships among various stakeholders.”

Plans are in motion to establish local entity in Japan and launch Vehicle RWA products after discussions with regulatory authorities and banking partners as early as the second quarter of this year.

Building upon the conclusion of this pilot project, MVL also plans to introduce visible products such as MVL Staking linked to actual business performance, create a public vehicle asset map and expand its mobility operations globally.

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