Lotus Technology Inc. has signed a non-binding memorandum of understanding with Finloop Finance Technology Holding Limited and FOMO Pay to explore digital assets and real-world asset tokenization in luxury mobility. The proposed collaboration focuses on technical cooperation covering digital asset issuance, tokenization, distribution, and compliant operating models for digital asset payment services. The partnership aims to evaluate real-world asset tokenization and compliant blockchain-based payment solutions for the luxury vehicle market, with plans to examine regulatory-compliant integration with the Web3 ecosystem and assess potential tokenomics models.
Lotus Technology Partners with Finloop and FOMO Pay on Digital Asset Capabilities
Lotus Technology, which operates across the United Kingdom, the European Union, and China, develops luxury electric vehicles and invests in technologies including vehicle electrification and digitalization.
Finloop, headquartered in Hong Kong, provides AI-driven wealth technology services that combine Web2 and Web3 capabilities. Its offerings include wealth management technology, cash management, investment funds, structured products, bonds, insurance products, and virtual assets. The company also operates the FinRWA Platform, which it said supports the issuance and distribution of tokenized real-world assets.
FOMO Pay, founded in 2015, is licensed to operate in Singapore, Hong Kong, and parts of the Middle East. The company provides digital payment, banking, and digital asset services through a cross-border payment network spanning Southeast Asia, the Greater Bay Area, and the Middle East and North Africa.
Under the proposed arrangement, Finloop is expected to provide expertise in RWA tokenization, while FOMO Pay will contribute digital payment infrastructure and on-chain settlement capabilities. Together, the companies aim to support Lotus Technology's efforts to expand blockchain-based payment options for its vehicles.
Memorandum Establishes Framework for Technical Cooperation
The memorandum establishes a framework for discussions, while the scope, commercial terms, and implementation of any collaboration remain subject to further negotiations and definitive agreements.
Lotus Technology Chief Financial Officer Daxue Wang said the company viewed the planned cooperation as an opportunity to examine how digital assets and tokenization could create additional value in the luxury mobility market. He added that Lotus intended to study compliant blockchain-based payment options for vehicle purchases while evaluating operating models that could combine its automotive business with emerging financial technologies.
Finloop Chief Executive Officer Cai Hua said the company planned to use its proprietary tokenization platform and RWA expertise to support the development of compliant and scalable solutions for Lotus Technology. He added that the collaboration with FOMO Pay would also focus on addressing evolving requirements for tokenized real-world assets in the luxury mobility sector.
FOMO Pay Co-Founder Zack Yang said the company would contribute its multi-rail, multi-chain, and multi-currency payment infrastructure to support digital asset transactions and blockchain-based settlement. He added that the partners intended to develop payment models that could contribute to the broader adoption of tokenized real-world assets beyond the automotive sector.
The companies did not disclose a financial value for the proposed collaboration or provide a timeline for implementation. Because the memorandum is non-binding, any commercial deployment will depend on the successful completion of negotiations and the execution of final agreements.
FAQ
What did Lotus Technology, Finloop, and FOMO Pay agree to explore?
Lotus Technology Inc. signed a non-binding memorandum of understanding with Finloop Finance Technology Holding Limited and FOMO Pay to explore the use of digital assets and real-world asset tokenization in the luxury mobility sector. The proposed collaboration focuses on technical cooperation covering digital asset issuance, tokenization, distribution, and compliant operating models for digital asset payment services.
What capabilities do the three partner companies bring to the collaboration?
Lotus Technology develops luxury electric vehicles and invests in vehicle electrification and digitalization technologies. Finloop provides AI-driven wealth technology services and operates the FinRWA Platform, which supports the issuance and distribution of tokenized real-world assets. FOMO Pay provides digital payment, banking, and digital asset services through a cross-border payment network spanning Southeast Asia, the Greater Bay Area, and the Middle East and North Africa.
