In our last blog, we explored the basics of DePIN (Decentralized Physical Infrastructure Networks) and how they are shaping the mobility sector, especially the ride-hailing market.
Now, let’s take it one step further.
What happens when DePIN connects with RWA (Real-World Asset) tokenization?
The result is a new era where physical assets and real world infrastructure can exist on the blockchain, generate income, and open access to a global pool of participants.
In this blog, we’ll explore what RWA and DePIN mean, provide examples, and look at how these two sectors could intersect to create strong synergy and added value.
What is RWA (Real-World Asset) Tokenization?
RWA (Real-World Asset) tokenization is the process of creating a digital version of a real-world asset on the blockchain. In theory, any real-world asset, cars, real estate, artwork, or even commodities can be tokenized.
With industry forecasts projecting the RWA market could reach $30 trillion by 2030, this raises a fundamental question.๐ก
Why is the world moving toward tokenization?
Why not just buy and manage assets directly in the real world?
The answer lies in accessibility, efficiency, and transparency.
Tokenized Asset vs Traditional Asset
Let’s take cars as an example.
In the traditional market, a car is not considered an investment but a depreciating asset.
Suppose you bought a car for $10,000. On average, a new car’s value drops about 30% in the first two years, and then another 8–12% each following year. That means after three years, your car might only be worth around $6,100 in the secondary market. That’s before factoring in costs like maintenance, fuel, parking and insurance, expenses that make ownership even more expensive.
On top of depreciation, there’s the hassle of registration, dealing with local regulations, navigating middlemen, and managing endless paperwork. In this setup, the only way to generate income from your car is to operate a rental or ride-hailing service yourself, which most people have no plan or time to do so.
Now, imagine a car rental company that has tokenized its cars and is selling the digital tokens on an RWA platform.
You could buy these tokens, keep them in your digital wallet, and earn a share of the rental income through smart contracts—all without ever touching a car or managing a business. Tokenization makes this possible.
Fractional ownership makes this even more accessible. You wouldn’t need $10,000 to participate. The car could be split into thousands of smaller digital tokens, allowing investors to contribute smaller amounts. Because everything is recorded and managed onchain, there’s no need for cumbersome middlemen, and the tokens can be traded with anyone, anywhere in the world on crypto markets.
It’s a win-win situation for both sides. The car rental company funds its vehicles through tokenization and expands its operations, while investors earn yields without ever having to manage the cars themselves.
Tokenization removes the barriers that traditionally make asset investment costly, illiquid, and geographically restricted. It transforms physical assets into investment opportunities that are global, transparent, and easy to access.
DePIN stands for Decentralized Physical Infrastructure Networks.
In simple terms, it is when physical infrastructure or real-world services, such as vehicle operation, energy grid, and telephone communication, is operated by a community using blockchain technology instead of being controlled by a single centralized authority.
This structure creates verifiable, secure and immutable infrastructure data that is accessible for the participants.
As we discussed in our last blog, the ride-hailing is one of the markets where DePIN principles can make it more transparent and fair. Instead of a central company taking a large share of profits and control, DePIN structures spread both earnings and decision-making power across the network’s participants.
A good example is TADA, a ride-hailing platform that applies DePIN principles while keeping the user experience familiar to anyone who has used a ride-hailing app.
TADA operates on a zero-commission model, meaning drivers keep more of what they earn. Riders benefit too, as the platform can offer more competitive fares without cutting into driver income.
All the while, the activity on the platform, such as rides completed and fare distribution, are recorded onchain, creating valuable and trustworthy mobility data.
Then how can we utilize this mobility data? The next section explores this question.
How DePIN Connects with RWA?
DePIN and RWA tokenization complement each other perfectly, especially in the mobility sector.
DePIN provides a transparent, tamper-proof record of how a vehicle or mobility infrastructure is used.
Based on this onchain data, RWA tokenization converts that vehicle into an investable asset by tokenizing it on a blockchain.
This reduces the information failure in the market and allows investors to make decisions based on verifiable, real-world data.
MVL’s mobility ecosystem is a real-world example of DePIN and RWA working together in practice.
The company operates two core real-world mobility services, TADA and ONiON Mobility.
That together form the backbone of MVL DePIN network.
- TADA is a zero-commission ride-hailing platform operating across five Southeast Asian countries, with a recent expansion into the U.S. Its model empowers drivers to keep more of their earnings while offering riders fair, competitive fares. All ride activity is recorded on the MVL mainnet and displayed on the MVL DePIN website, creating a transparent, publicly accessible record of mobility data.
- ONiON Mobility manufactures electric vehicles in Southeast Asia, selling and renting them to local ride-hailing drivers. Every ONiON vehicle’s usage—such as total distance traveled, battery status, and current location—is logged on the MVL mainnet regularly and also visualized on MVL DePIN website. This produces a immutable digital record of a physical vehicle’s life and performance, which is critical for building trust in RWA-backed investments.
This is where MVL’s RWA platform Musubi comes in.
Musubi converts these income-generating vehicles into digital NFTs and tokens and makes them available to investors worldwide.
Token holders own the vehicle onchain and receive a portion of its income. Professional operators manage these vehicles, leasing them to drivers and ensuring consistent performance. Importantly, the yield is predictable, which gives investors a stable return.
Together, these components create a value circulating loop, expanding the network and increasing value for all participants.
- Vehicles get leased to drivers
- Drivers generate valuable vehicle and mobility data, recorded securely onchain
- This onchain data powers and verifies RWA-backed digital tokens
- Token sales raise capital to fund more vehicles
- More vehicles get leased to drivers, expanding the network
- Investors earn yields from the vehicles’ real-world usage — fueling the cycle again
Furthermore, DePIN mobility data could be applied in many ways. For example, this data could be used to map urban movement patterns onchain, providing valuable insights for both public and private organizations such as helping with urban planning, shaping public policy, or even guiding business owners in deciding where to open new shops.
Benefits Unlocked by the DePIN and RWA Model
The convergence of DePIN and RWA in mobility offers benefits that go beyond efficiency. It allows anyone to participate in a global mobility economy, opening up opportunities for investors and communities that were previously excluded.
Trust is no longer based on reputation alone but is built on transparent, verifiable data. Fractional ownership lowers the barrier to entry, letting people invest at a scale that fits their budget.
For investors seeking stability, fixed-income models like Musubi offer predictable returns without the volatility often seen in DeFi markets. And for the ecosystem as a whole, the more investment that flows in, the more vehicles can be deployed, creating a self-reinforcing cycle of growth and accessibility.
The combination of DePIN and RWA tokenization is not just a technological upgrade—it is a structural transformation in how we build, fund, and scale physical infrastructure like mobility networks.
By integrating real-world usage data with blockchain-based ownership, MVL is creating a transparent and efficient system where drivers, investors, manufacturers, and infrastructure providers all benefit.
This approach is paving the way for a global, inclusive, and sustainable mobility economy, breaking away from the limitations of traditional models and opening up new possibilities for the future.
In our last blog, we explored the basics of DePIN (Decentralized Physical Infrastructure Networks) and how they are shaping the mobility sector, especially the ride-hailing market.
Now, let’s take it one step further.
What happens when DePIN connects with RWA (Real-World Asset) tokenization?
The result is a new era where physical assets and real world infrastructure can exist on the blockchain, generate income, and open access to a global pool of participants.
In this blog, we’ll explore what RWA and DePIN mean, provide examples, and look at how these two sectors could intersect to create strong synergy and added value.
What is RWA (Real-World Asset) Tokenization?
RWA (Real-World Asset) tokenization is the process of creating a digital version of a real-world asset on the blockchain. In theory, any real-world asset, cars, real estate, artwork, or even commodities can be tokenized.
With industry forecasts projecting the RWA market could reach $30 trillion by 2030, this raises a fundamental question.๐ก
Why is the world moving toward tokenization?
Why not just buy and manage assets directly in the real world?
The answer lies in accessibility, efficiency, and transparency.
Tokenized Asset vs Traditional Asset
Let’s take cars as an example.
In the traditional market, a car is not considered an investment but a depreciating asset.
Suppose you bought a car for $10,000. On average, a new car’s value drops about 30% in the first two years, and then another 8–12% each following year. That means after three years, your car might only be worth around $6,100 in the secondary market. That’s before factoring in costs like maintenance, fuel, parking and insurance, expenses that make ownership even more expensive.
On top of depreciation, there’s the hassle of registration, dealing with local regulations, navigating middlemen, and managing endless paperwork. In this setup, the only way to generate income from your car is to operate a rental or ride-hailing service yourself, which most people have no plan or time to do so.
Now, imagine a car rental company that has tokenized its cars and is selling the digital tokens on an RWA platform.
You could buy these tokens, keep them in your digital wallet, and earn a share of the rental income through smart contracts—all without ever touching a car or managing a business. Tokenization makes this possible.
Fractional ownership makes this even more accessible. You wouldn’t need $10,000 to participate. The car could be split into thousands of smaller digital tokens, allowing investors to contribute smaller amounts. Because everything is recorded and managed onchain, there’s no need for cumbersome middlemen, and the tokens can be traded with anyone, anywhere in the world on crypto markets.
It’s a win-win situation for both sides. The car rental company funds its vehicles through tokenization and expands its operations, while investors earn yields without ever having to manage the cars themselves.
Tokenization removes the barriers that traditionally make asset investment costly, illiquid, and geographically restricted. It transforms physical assets into investment opportunities that are global, transparent, and easy to access.
What is DePIN?
DePIN stands for Decentralized Physical Infrastructure Networks.
In simple terms, it is when physical infrastructure or real-world services, such as vehicle operation, energy grid, and telephone communication, is operated by a community using blockchain technology instead of being controlled by a single centralized authority.
This structure creates verifiable, secure and immutable infrastructure data that is accessible for the participants.
As we discussed in our last blog, the ride-hailing is one of the markets where DePIN principles can make it more transparent and fair. Instead of a central company taking a large share of profits and control, DePIN structures spread both earnings and decision-making power across the network’s participants.
A good example is TADA, a ride-hailing platform that applies DePIN principles while keeping the user experience familiar to anyone who has used a ride-hailing app.
TADA operates on a zero-commission model, meaning drivers keep more of what they earn. Riders benefit too, as the platform can offer more competitive fares without cutting into driver income.
All the while, the activity on the platform, such as rides completed and fare distribution, are recorded onchain, creating valuable and trustworthy mobility data.
Then how can we utilize this mobility data? The next section explores this question.
How DePIN Connects with RWA?
DePIN and RWA tokenization complement each other perfectly, especially in the mobility sector.
DePIN provides a transparent, tamper-proof record of how a vehicle or mobility infrastructure is used.
Based on this onchain data, RWA tokenization converts that vehicle into an investable asset by tokenizing it on a blockchain.
This reduces the information failure in the market and allows investors to make decisions based on verifiable, real-world data.
Real Use Case: MVL Mobility Ecosystem
MVL’s mobility ecosystem is a real-world example of DePIN and RWA working together in practice.
The company operates two core real-world mobility services, TADA and ONiON Mobility.
That together form the backbone of MVL DePIN network.
This is where MVL’s RWA platform Musubi comes in.
Musubi converts these income-generating vehicles into digital NFTs and tokens and makes them available to investors worldwide.
Token holders own the vehicle onchain and receive a portion of its income. Professional operators manage these vehicles, leasing them to drivers and ensuring consistent performance. Importantly, the yield is predictable, which gives investors a stable return.
Together, these components create a value circulating loop, expanding the network and increasing value for all participants.
Furthermore, DePIN mobility data could be applied in many ways. For example, this data could be used to map urban movement patterns onchain, providing valuable insights for both public and private organizations such as helping with urban planning, shaping public policy, or even guiding business owners in deciding where to open new shops.
Benefits Unlocked by the DePIN and RWA Model
The convergence of DePIN and RWA in mobility offers benefits that go beyond efficiency. It allows anyone to participate in a global mobility economy, opening up opportunities for investors and communities that were previously excluded.
Trust is no longer based on reputation alone but is built on transparent, verifiable data. Fractional ownership lowers the barrier to entry, letting people invest at a scale that fits their budget.
For investors seeking stability, fixed-income models like Musubi offer predictable returns without the volatility often seen in DeFi markets. And for the ecosystem as a whole, the more investment that flows in, the more vehicles can be deployed, creating a self-reinforcing cycle of growth and accessibility.
The combination of DePIN and RWA tokenization is not just a technological upgrade—it is a structural transformation in how we build, fund, and scale physical infrastructure like mobility networks.
By integrating real-world usage data with blockchain-based ownership, MVL is creating a transparent and efficient system where drivers, investors, manufacturers, and infrastructure providers all benefit.
This approach is paving the way for a global, inclusive, and sustainable mobility economy, breaking away from the limitations of traditional models and opening up new possibilities for the future.