The luxury car maker is assessing whether blockchain-based representations of vehicles could support fractional ownership and payments across fiat and digital currencies.
Lotus Technology Inc. is studying how to turn vehicles into on-chain assets through an exploratory collaboration with Finloop and FOMO Pay, an early-stage effort with no disclosed roadmap or launch timeline. The initiative would examine whether luxury cars can be represented as whole or fractional digital assets, with ownership rights embedded in a smart contract (self-executing blockchain code), potentially opening Lotus Tech to global crypto-native capital and new financing models. FOMO Pay’s role points to payment settlement across fiat and digital currencies, while Finloop brings tokenization infrastructure for real-world assets (RWA, physical or traditional assets represented on-chain). The effort comes as tokenized RWA on public ledgers recently crossed $20 billion, with private credit, U.S. Treasuries and real estate driving most of the market, while vehicles remain a relatively untested category. The article notes that tokenized cars would raise harder questions around audits, custody, consumer protection, securities law and anti-money laundering rules than more standardized assets, and says the market will watch whether Lotus Tech advances from research into a controlled pilot, likely within a regulatory sandbox (supervised testing environment).