ELOOP Introduces RWA Tokenization Platform on peaq for Real-World Assets

ELOOP is poised to disrupt the DeFi landscape with its latest announcement, unveiling plans for a tokenization platform on peaq, the blockchain for real-world applications.

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Building on the success of its pilot project, which tokenized car-sharing Teslas, ELOOP aims to harness the power of tokenization to unlock new liquidity and revenue streams for both DePINs and infrastructure and hardware companies.

Today's announcement marks a significant expansion of peaq's ecosystem. ELOOP's platform will enable companies and communities to tokenize a stake in the value generated by their machines, ranging from wind turbines to shared e-scooters.
These tokens will grant holders rewards based on the real-world value of the underlying assets.

"Machine real-world asset (RWA) tokenization opens up new avenues for Web3 projects, communities, and businesses, fostering deeper engagement with users and providing access to additional liquidity and revenue streams," explains an ELOOP representative.
"By democratizing access to infrastructure deployment, previously limited to large corporations and governments, individuals can now directly contribute to and benefit from these projects."

ELOOP
The burgeoning sector of real-world assets in Web3, currently valued at over $4.3 billion, underscores the immense potential of tokenizing machines that generate rewards. This innovative approach, termed Machine RWAs, expands the scope of traditional financial instruments and presents new opportunities for companies and DePINs.

ELOOP's early success in Machine RWAs was demonstrated through its pilot project in Vienna, where vehicles in a car-sharing Tesla fleet were tokenized. The initiative raised over €1.6 million without any marketing expenditure, highlighting the viability of the model. Buoyed by this success, ELOOP is now developing a Machine RWA tokenization platform on peaq, with trials underway on krest, peaq’s canary network.

The platform will facilitate the conversion of rights to real-world machines and their generated value into on-chain tokens. These tokens will form Machine Pools on peaq, allowing users to contribute liquidity and earn rewards based on their stake in the Pool. To ensure compliance with regulations, the platform will offer options for DePINs and businesses to establish Know Your Customer procedures tailored to specific jurisdictions.
With a target of $20 million worth of Machine RWA token sales in its first year on peaq, ELOOP aims to drive transformative changes in Web3.
Initially focusing on tokenizing mobility and energy Machine RWAs, such as solar panels and electric vehicles, ELOOP plans to expand into various industries and sectors in the future. In essence, ELOOP's platform signifies a new era of fractional ownership and value participation in the Web3 landscape. As technology continues to converge with finance, the possibilities for global progress and prosperity are endless.

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About peaq

peaq is the blockchain for real-world applications. The peaq layer-1 blockchain enables anyone to build decentralized applications (dApps) and Decentralized Physical Infrastructure Networks (DePINs) for car-sharing, street-mapping, Web access, and more, creating real-world value as part of the Economy of Things. On peaq, robots, vehicles, and other connected devices turn into dynamic real-world assets (RWAs) serving communities through fractional ownership.

peaq works with industry-leading consortia such as Gaia-x moveID, a €20+ million project led by Bosch, to co-create the future of smart mobility, energy, connectivity, and other important real-world industries. By empowering everyone to own, govern, and earn from the devices and infrastructure they use, peaq is democratizing abundance in the age of AI-driven automation.

For more information, visit peaq, follow peaq on Twitter for updates, and join the conversation on Discord.

About ELOOP Network

ELOOP Network is a machine tokenization network that enables businesses and communities to tokenize physical real world assets (RWAs) such as solar panels, vehicles, wind turbines, and other machines so that they can provide services and revenue streams to communities via Web3 apps (DePINs).

Acting as a launchpad, ELOOP empowers operators with a unique opportunity to offer their assets in fractions to public investors through their own asset token.

Moreover, the ELOOP Network is rewarding its business partners and users with its app and the ELOOP Coin. Collectively, ELOOP is empowering the evolution of sustainable mobility and energy solutions and more by merging Web2 business practices with Web3 technologies since 2017.

For more information, updates and conversation, visit ELOOP Network, follow on X and join the community on Discord.