Toyota Unveils Blockchain Plan to Turn Vehicles Into Tradable Assets

Toyota is exploring blockchain technology to transform vehicles into tradable real-world assets (RWAs), aiming to create a standardized and interoperable infrastructure across global mobility ecosystems [1]. The initiative, unveiled in a technical whitepaper titled MON: Orchestrating Trust into Mobility Ecosystems by Toyota’s Blockchain Lab, outlines a blockchain-based Mobility Orchestration Network (MON) designed to address the fragmented nature of vehicle-related data and trust across industries and jurisdictions [2].

The proposed network would track key vehicle data—including legal status, manufacturing attestation, and operational performance—into a single, machine-readable “Trust” that can be stored and transferred via a blockchain. Toyota has identified three structural gaps—organizational, industrial, and national—and proposed corresponding bridges to address them. These include the aggregation of institutional, technical, and economic proofs to create a unified identity for mobility assets, the ignition of a value cycle through interoperable finance and utility networks, and the connection of ecosystems without enforcing a single global standard [2].

A key component of MON is the Mobility Oriented Account (MOA), a digital container for a mobility asset’s trust chain. Toyota divides this into two mirrored accounts: a Trust-facing T-MOA for legal and financial proofs and a Utility-facing U-MOA for operational state. This dual-account structure is designed to minimize the exposure of sensitive personal information [2]. The paper also introduces a "Fungibility Ladder," where vehicles can be tokenized from non-fungible NFTs at the bottom to fully fungible security tokens at the top, offering investors a pathway to access mobility value while maintaining auditability and provenance [2].

Toyota has partnered with AvaLabs, the developer behind Avalanche, to provide technical advisory input, signaling its alignment with partners experienced in high-throughput, subnet-enabled blockchains. This collaboration is critical for MON’s regional interoperability and cross-network coordination capabilities [2]. If adopted, MON could facilitate the securitization of vehicle fleets, streamline loan underwriting using transparent vehicle histories, and bring previously illiquid assets into capital markets [2].

The company emphasizes that MON is not intended to replace local authorities or legal systems but to translate locally governed proofs into standardized, verifiable claims that can travel across networks [2]. This balance—enabling liquidity without eroding legal distinctions—represents the project’s core innovation.

However, the paper also acknowledges significant challenges ahead, including data governance, identity management, privacy concerns, and cross-jurisdictional harmonization. Real-world pilot testing and regulatory engagement will be essential for MON’s transition from theoretical framework to practical implementation [2].

With this detailed blueprint, Toyota is positioning itself at the forefront of blockchain innovation in the automotive sector. By reimagining vehicles not just as products but as networked assets, the automaker is laying the groundwork for a future where mobility value is more fluid, accessible, and transparent [1].

Source:

[1] Crypto – [https://crypto.news/toyota-explores-blockchain-to-turn-cars-into-tradable-rwas/](https://crypto.news/toyota-explores-blockchain-to-turn-cars-into-tradable-rwas/)

[2] BlockchainReporter – [https://blockchainreporter.net/toyota-proposes-blockchain-layer-to-orchestrate-trust-across-mobility-ecosystems/](https://blockchainreporter.net/toyota-proposes-blockchain-layer-to-orchestrate-trust-across-mobility-ecosystems/)