Future plans for global expansion
Kay Woo, CEO of MVL, commented: “We can transform traditional vehicle finance services into affordable products through blockchain, reducing the barrier that used to be hampered by complicated relationships between various stakeholders.”
Plans are underway to establish a local entity in Japan and launch Vehicle RWA products following discussions with regulatory authorities and banking partners as early as the second quarter of this year.
Following the conclusion of this pilot project, MVL also plans to introduce visible products such as MVL Stake linked to actual business performance, create a public vehicle asset map, and expand its mobility operations globally.
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