Robotaxi Tokenization: A New Investment Model

**MVL Group has launched Musubi A/R**, a platform that tokenizes vehicle rental receivables from emerging-market mobility operations. **Key features:** - Access tokenized receivables on Base starting from 10 USDC - Estimated yields up to 20%+ annualized - Built on MVL's real-world mobility infrastructure (TADA ride-hailing, ONiON EV mobility) - Connects actual payment claims from operating vehicles and drivers with onchain users The platform converts future payment claims from vehicle rental contracts into tokenized assets that users can purchase, manage, and redeem using USDC. Contract information and redemption records are managed onchain through smart contracts. **What makes it different:** Unlike typical RWA products focused on Treasuries or real estate, Musubi A/R brings emerging-market mobility cash flows onchain, backed by real operating businesses in Cambodia and Singapore. **Coming features:** Additional blockchain networks, more payment currencies, gasless transactions, automated redemption, and secondary market functionality. [Explore Musubi A/R](https://musubi.fi/ar-service) | [User Guide](https://docs.mvlchain.io/mvl-blockchain/mvl-blockchain/mvl-rwa-musubi/musubi-a-r-user-guide)

**Musubi A/R** connects real-world mobility cash flows to blockchain through tokenized receivables from Cambodia's daily transportation operations. **How it works:** - Tuk-tuks and taxis generate predictable daily revenue - These future payments become tokenized receivables - Users can purchase them starting at 10 USDC on Base - After maturity, holders redeem for the expected amount **Why it matters:** - RWA backed by understandable, recurring cash flows - Provides capital access to emerging market mobility operators - Built on MVL's existing Southeast Asian mobility network (TADA ride-hailing, ONiON electric vehicles) **Roadmap includes:** - Multi-chain expansion - Additional payment currencies - Gasless transactions - Secondary market functionality The platform aims to make real economic activity from emerging markets accessible onchain, moving beyond traditional treasury-backed RWA products. [Explore Musubi A/R](https://musubi.fi/ar-service) | [User Guide](https://docs.mvlchain.io/mvl-blockchain/mvl-blockchain/mvl-rwa-musubi/musubi-a-r-user-guide)

**Musubi A/R introduces emerging-market mobility receivables** as a new real-world asset (RWA) category, expanding beyond the typical Treasury bonds, real estate, and money market instruments most users encounter. **Key points:** - Traditional RWA products focus on developed-market assets - Musubi A/R offers exposure to mobility receivables from emerging markets - Represents a different asset class with distinct risk characteristics - Provides diversification opportunity for investors familiar with Treasury-backed tokens This development opens a new lane in the RWA market, allowing users to explore asset-backed tokens tied to transportation and mobility services in developing economies. The risk-return profile differs significantly from government-backed securities, requiring investors to evaluate emerging-market exposure alongside traditional RWA holdings.

MVL has released a user guide for **Musubi A/R**, a platform that tokenizes real-world receivables from mobility businesses on Base network. **What it does:** - Allows users to purchase tokenized receivables from ONiON Mobility's Cambodian operations - Receivables come from electric vehicle rental agreements with ride-hailing drivers - Users can redeem tokens after payment due dates **Key features:** - Minimum purchase: 10 USDC - Returns: Up to 20% annualized - Maturity: Less than one month The receivables are backed by ONiON Mobility's electric three-wheeler rental business, where vehicles are primarily used by drivers on the TADA ride-hailing platform. The [user guide](https://docs.mvlchain.io/mvl-blockchain/mvl-blockchain/mvl-rwa-musubi/musubi-a-r-user-guide) covers wallet connection, purchasing with USDC, and redemption processes.

A NYC rideshare driver's story reveals the stark reality of current commission structures: a passenger paid $170 for a trip from LaGuardia Airport to White Plains, but the driver received only $70. The remaining $100 went to commissions, fees, and charges. This real-world example highlights the significant gap between what riders pay and what drivers earn in traditional rideshare models. **TADA's Response:** - Launching a **0% commission model** in New York City - Aims to ensure drivers keep more of what passengers pay - Part of the #ParkingLotStory initiative gathering firsthand accounts from drivers The move challenges the established rideshare industry structure where platforms typically take 30-40% or more in fees. By eliminating commissions, TADA positions itself as a driver-first alternative in one of the world's largest rideshare markets.