According to CoinMeta, BTOB and Lee Caiyan’s brokerage company are collaborating with Sony-backed Soneium to explore the possibility of bringing K-Pop intellectual property and entertainment revenues onto the blockchain. Dayonedream will utilize its Wavist platform to explore the tokenization of K-pop, having previously financed entertainment rights through issuance, repayment, and redemption. This collaboration is based on verified milestones rather than a brand-new pilot project: Wavist completed the full lifecycle of tokenizing IP bonds in May, demonstrating how real-world entertainment assets can flow through an end-to-end blockchain framework. The company has not yet disclosed the scale of the bonds, interest rates, target artists, number of investors, or sales regions. Soneium is positioned to provide the infrastructure for a blockchain ecosystem for entertainment and IP.