Lotus Technology, Finloop, and FOMO Pay Partner to Explore RWA Tokenization for Luxury Vehicles

Lotus Technology Inc., Finloop Finance Technology Holding Limited, and FOMO Pay have signed a non-binding memorandum of understanding to explore real-world asset tokenization and blockchain-based payment solutions in the luxury mobility sector.

The collaboration will focus on digital asset issuance, tokenization, distribution, and compliant payment models. Finloop will provide expertise in RWA tokenization and its proprietary tokenization platform, while FOMO Pay will contribute cross-border payment infrastructure and on-chain settlement capabilities. Lotus Technology will contribute its automotive business. The three companies aim to assess regulatory-compliant integration with the Web3 ecosystem and develop payment models for luxury vehicle purchases. Because the memorandum is non-binding, any commercial deployment will depend on successful completion of negotiations and execution of final agreements.