Lotus Tech, Finloop and FOMO Pay Collaborate to Explore Vehicle Tokenization

Silverthehorse
07-28 22:31
  • Lotus Tech entered into an MOU with Finloop and FOMO Pay to explore cooperation in compliant tokenization, digital payment and innovative tokenomics models.

  • The planned collaboration combines Lotus’ premium mobility strengths with Web3 fintech ecosystem to create new business value.

NEW YORK, July 28, 2026 - Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today announced a strategic collaboration with Finloop Finance Technology Holding Limited (“Finloop”), an AI-driven global one-stop Web5 (Web2+Web3) wealth technology platform, and FOMO Pay, a leading Singapore-headquartered payment institution, to explore digital asset and real-world asset (RWA) tokenization in the luxury mobility sector.

The three parties entered into a non-binding memorandum of understanding to pursue technical cooperation in areas including asset issuance, tokenization, and distribution, as well as the development of compliant operating models for digital-asset payment services. They also expect to explore compliance-driven integration into the Web3 ecosystem and innovative Tokenomics models.

Lotus stands alone as a brand dedicated to pure driver’s cars, with design and engineering rooted in the UK and R&D in China to deliver rapid scale to market. Lotus has been instrumental in shaping automotive culture for 78 years - redefining the limits of performance in racing and building the most engaging road cars in the world. FOMO Pay is a leading payment institution licensed in Singapore, Hong Kong, and the Middle East, operating an extensive cross-border payment network that connects businesses across Southeast Asia, the Greater Bay Area, and the Middle East and North Africa. Finloop brings deep expertise in RWA tokenization through its FinRWA Platform (“FRP”), Asia’s first one-stop RWA technology, issuance, and distribution platform, which has achieved multiple breakthroughs in the issuance and distribution of tokenized products.

Through this planned collaboration, Finloop will leverage its capabilities in the RWA sector, while FOMO Pay will contribute its expertise in digital payments. Together, both companies will support Lotus Tech in further strengthening its position in the luxury automotive market by delivering advanced on-chain payment solutions. The specific scope, terms and conditions of the collaboration remain subject to the negotiation and execution of definitive agreements.

Dr. Daxue Wang, Chief Financial Officer of Lotus Tech, said: “This intended collaboration marks an important step in exploring how digital assets and tokenization can create new value in the luxury mobility sector. We will explore compliant on-chain payment solutions for vehicle purchases to expand our customer base. By working with Finloop and FOMO Pay, we will seek to evaluate prospective compliant, innovative operating models that could bridge our brand heritage and intelligent mobility offerings with the next generation of financial technology.”

Mr. Cai Hua, Chief Executive Officer of Finloop, said: “Our planned collaboration with Lotus Tech and FOMO Pay reflects a strong commitment to integrating real-world assets with advanced technology. Finloop will leverage our self-developed RWA platform and tokenization capabilities to help Lotus Tech deliver efficient, compliant, and scalable RWA solutions. Together with FOMO Pay, we will develop innovative offerings that address the evolving needs of real-world assets in the luxury mobility sector.”

Mr. Zack Yang, Co-Founder of FOMO Pay, said: “FOMO Pay brings a multi-rail, multi-chain, multi-currency approach to digital payments and on-chain settlement, helping Lotus Tech deliver advanced payment solutions to the luxury mobility space, a use case we see as a strong model for the wider luxury sector. Working alongside Finloop, we will build innovative digital-asset payment models that support the RWA ecosystem's growth, and this partnership reflects our continued commitment to advancing payment infrastructure for real-world assets.”

$Lotus Technology(LOT)$

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Comments

  • bicky word
    02:40
    bicky word
    The partnership is still early, but it's an interesting direction. Worth keeping an eye on how this evolves.
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