What Dualmint does

DualMint is a private onchain equipment lessor structured as a British Virgin Islands Special Purpose Company, founded in 2022 and operating from Hong Kong with a 1-10 person team. The company acquires title to physical revenue-generating machines—laundromats (Ecowash), commercial HVAC units (AirUp), arcade claw machines (The Claw), and vending networks—under a finance lease model, then distributes the operating surplus to investors in USDC or USDT after a 10% processing fee and reserve allocations. Its technology stack centers on IoT telemetry that captures every cycle, uptime event, and service call, cross-referenced monthly against operator bank deposits and scored through the proprietary Asset Performance Index, where 65% of the signal derives from machine-generated data rather than operator-reported figures.

The platform offers two distribution surfaces: an NFT Marketplace for 1:1 fractional ownership of individual machines with a $500 minimum entry and KYC/AML wallet onboarding, and the Boring Yield Index vault (slated for Q3 2026) which pools cash flows from multiple asset categories into a single onchain position built on the ERC-7540 async redemption standard with a 30-day settlement window. DualMint earns revenue through a 10% processing fee on gross operating margin and a 10% origination fee funded by operators. Its ecosystem integrations include Chainlink (BUILD program, oracle infrastructure), M0 (stablecoin settlement), peaq (Machine Economy blockchain), Web3Auth (wallet authentication), and Pinata (decentralized storage). As of February 2026, the deployed fleet comprises 247 machines across 52 operators in 10+ cities, with 13 consecutive monthly distributions since May 2025 and zero operator defaults.

The customer base spans retail and individual investors (no accreditation gate, $500 minimum), institutional allocators targeted via the Boring Yield Index vault, and SMB equipment operators who receive upfront capital through revenue-based financing agreements without equity dilution. Strategic positioning emphasizes non-correlated, operational yield derived from physical machine cycles rather than lending spreads, token emissions, or market-priced collateral.

Name

Dualmint

Legal name

DualMint Ltd

Website

https://dualmint.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

DualMint is a BVI-structured onchain equipment lessor that tokenizes physical revenue-generating machines (laundromats, HVAC, arcade, vending) and distributes operating cash flow to retail and institutional investors in USDC, using IoT telemetry and a proprietary Asset Performance Index for revenue verification.

Ownership category

akta.pro rank

Product category

Real-World Asset Tokenization

NAICS

Other Financial Vehicles (52599), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Lessors (6172), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

NFT Trading, Liquidity & Financialization (AMMs, lending, fractionalization, derivatives) (FSAPAFAG)

akta.pro secondary industries

General NFT Marketplaces (Multi-Category) (FSADANAA), On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD), NFT Custody, Wallets & Asset Management (collectibles wallets, vaults, portfolio tools) (FSAPAFAF)

Keywords

• Real-world asset tokenization
• Equipment leasing platform
• Stablecoin yield products
• RWA marketplace
• Onchain vault infrastructure

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Others

Revenue model

1. Equipment Finance Lease Revenue: DualMint acquires title to physical machines (laundromats, HVAC, arcade machines, vending networks) under a finance lease model. Operating surplus after DualMint's 10% processing fee and reserve allocations distributes to depositors in USDC monthly. The yield ceiling is the operating margin of the underlying business.
2. Asset Origination Fee: Operators pay 1-10% first-loss capital at origination and a 10% origination fee, which funds operator transition/redeployment costs without touching LP capital.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

DualMint acquires title to physical revenue-generating machines (laundromats, HVAC units, arcade claw machines, vending networks) under a finance lease model, tokenizes them as NFTs, and distributes the operating surplus as stablecoin (USDC/USDT) yield to investors. The platform runs an NFT marketplace for individual machine positions and a Boring Yield Index (BYI) vault pooling cash flows across asset categories, with IoT telemetry cross-referenced against operator bank deposits for verifiable revenue.

Product overview

DualMint is an onchain equipment lessor offering stablecoin yield from everyday physical assets. The platform operates a two-product structure: the NFT Marketplace for direct 1:1 machine ownership, and the Boring Yield Index (BYI) vault which pools cash flows from multiple asset categories into a single institutional position. The core product portfolio includes Ecowash (laundromats), AirUp (HVAC), The Claw (arcade claw machines), and Vending Networks. The Asset Performance Index provides machine-level scoring, while the Boring Score manages waitlist prioritization. sBIV is the ERC-4626 yield-bearing share token for vault participants.

Differentiator

Problem solved

Functional benefit

Brands

• Ecowash: Coin-operated laundromat asset category generating yield from wash cycles, distributed in USDC.
• AirUp
• The Claw
• Boring Yield Index
• Boring Score
• Asset Performance Index

Products and services

• NFT Marketplace Self-serve NFT marketplace where individual investors own 1:1 NFTs tied to specific physical machines (laundromats, HVAC, arcade claw machines, vending networks). Each NFT's yield derives directly from that machine's operating revenue, verified via IoT telemetry and cross-referenced against operator bank deposits monthly. Minimum $500 entry with KYC/AML wallet onboarding.
• Boring Yield Index (BYI) Vault Single onchain position that pools operating cash flow from multiple categories of physical revenue-generating assets (laundromats, HVAC units, arcade claw machines, vending networks). Distributes 13-15% net annual yield in USDC monthly, built on ERC-7540 async redemption standard. Offers flexible 8% tier (no lock) or 13% tier (12-month lock). Targeted at institutional investors, family offices, and curated allocators.
• RoboFarm (Tokenized Vertical Farming) Tokenized vertical farming asset tokenized as NFTs on the peaq blockchain, representing revenue from a semi-autonomous AI/robotics-driven hydroponic system that automates 80% of farming tasks. Produces 12 crop cycles per year with 50% lower labor costs and 20% higher yields. Collaboration between DualMint, peaq, and KanayaAI.

Quantifiable outcome

• 13-15% net annual yield from laundromat assets (1.18-1.24% monthly)
• +5 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• peaqcoreTechnology or Integration · 23 September 2025peaq is the blockchain network powering DualMint's Machine Economy. The RoboFarm project is tokenized on peaq's blockchain with revenue streams represented by NFTs. peaq selected Hong Kong as site for the world's first tokenized robo-farm in collaboration with DualMint and KanayaAI, announced during Korean Blockchain Week in Seoul.
• KanayaAIcoreStrategic or Co-development Partner · 23 September 2025Urban agritech company collaborating with peaq and DualMint on the tokenized robo-farm project in Hong Kong. KanayaAI provides the semi-autonomous vertical farming system using AI, robotics, and hydroponics that automates 80% of farming tasks, producing 12 crop cycles per year with 50% lower labor costs and 20% higher yields.
• M0coreTechnology or IntegrationM0 stablecoin infrastructure handles settlement for the DualMint protocol. Pre-deposit capital earns T-bill rates through M0 until the Boring Yield Index vault opens. M0 handles stablecoin settlement infrastructure within the BVI SPC legal structure.
• ChainlinkcoreTechnology or IntegrationDualMint is a Chainlink BUILD program member. Chainlink provides decentralized oracle services for verifiable data feeds supporting the IoT telemetry cross-reference system. Cross-chain bridge and multi-chain deployment utilize Chainlink infrastructure.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Maple Finance: Maple Finance is an onchain lending marketplace pooling capital into institutional credit opportunities with stablecoin yield. Same institutional yield-distribution pool model as the Boring Yield Index vault, with overlapping target customers in family offices and crypto-native allocators.
• RealT: RealT tokenizes US rental real estate into fractional ERC-20/NFT ownership with monthly USDC distributions. Same fractional physical-asset model as DualMint, applied to real estate rather than equipment; comparable investor onboarding flow and yield mechanics.
• Goldfinch Finance: Goldfinch brings real-world lending onchain with a focus on emerging-market credit. Comparable in bringing real-world cash flows to crypto depositors, though using credit underwriting rather than DualMint's IoT-verified equipment revenue model.
• TrueFi: TrueFi is an onchain credit marketplace for uncollateralized and RWA-backed lending with stablecoin yield. Overlaps with DualMint in pool-based institutional yield distribution and risk-management approach to real-world assets.
• Repl: Repl tokenizes income-generating heavy machinery (cranes, excavators, agricultural equipment) for fractional onchain ownership. Most directly comparable to DualMint's laundromat/HVAC tokenization model — same finance-lease structure, IoT-verified revenue, and stablecoin yield distribution.
• Brickken: Brickken is a tokenization platform enabling SMBs to issue security tokens representing equity, debt, or revenue rights. Comparable SMB-focused equipment/asset tokenization model with similar fee structure (origination + ongoing servicing).
• Centrifuge: Centrifuge is an RWA tokenization protocol that brings real-world receivables and asset-backed loans onchain. Overlaps with DualMint in the RWA tokenization thesis and institutional yield distribution, though Centrifuge focuses on credit/loans rather than operating equipment.

Emerging players

• Plume Network: Plume is an RWA-focused L2 providing infrastructure for tokenized real-world assets. Plume supplies rails that some DualMint-style applications could build on, making it a partial overlap as a competing RWA yield venue.
• Untangled Finance: Untangled Finance is an onchain private credit protocol tokenizing real-world receivables and yield-bearing assets. Early-stage peer with comparable RWA-pooled yield thesis targeting institutional yield allocators.

Broad incumbents

• Ondo Finance: Ondo Finance offers tokenized yield products (OUSG, USDY) backed by traditional securities. Broader incumbent in tokenized yield with materially larger TVL; competes for the same institutional yield-seeking capital that DualMint's Boring Yield Index targets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/DualMintRWA
• LinkedInlinkedin.com/company/dualmint/posts/?feedView=all

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dualmint