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FIGR_HELOC $1.00Sony-Backed Soneium Partners With DayOneDream to Tokenize K-Pop Revenue
The Sony-backed Ethereum layer 2 Soneium will partner with South Korean entertainment firm DayOneDream to put K-pop IP and revenue onchain as tokenized assets.
Key takeaways
- Soneium has high adoption. As of early 2026, the Sony-backed layer 2 had processed more than 500 million transactions.
- WAVIST completed a tokenized bond. In May 2026, WAVIST issued, redeemed and burned a bond to finance K-pop IP.
- Past K-pop sales raised $3.22M. Earlier WAVIST asset sales with Kyobo Life and SBI Digital Markets raised $3.22 million.
What happened
Soneium, an Ethereum layer 2 blockchain co-developed by Sony Group and Startale Group, has partnered with South Korean entertainment company DayOneDream to tokenize K-pop intellectual property and its tied revenue streams. The deal will pair DayOneDream's WAVIST tokenization platform with Soneium's blockchain, and was announced at a WAVIST event in Seoul during Korea Blockchain Week.
Under the partnership, eligible users will be able to access tokenized exposure to revenue from concerts, streaming and music rights tied to DayOneDream's managed artists, which include BTOB, Lee Chae Yeon, MeMi and 2F. Rights holders will also gain a new funding route via the tokenized assets, though user eligibility and access will depend on applicable regulations.
Why it matters
The partnership builds on WAVIST's proven track record in entertainment financing, including a tokenized K-pop IP bond it issued, redeemed and burned in May 2026. It also adds a high-profile real-world asset use case to Soneium, which as of early 2026 had processed more than 500 million transactions and supported over 250 live applications, and whose co-developer Startale closed a $63 million Series A funding round in March 2026.
What the data shows
- Prior WAVIST K-pop IP asset sales, conducted with Korea's Kyobo Life Insurance and Singapore's SBI Digital Markets, raised $3.22 million as of March 2026, and a $15 million follow-up fund was in formation at that time.
What is still unclear
- The companies have not disclosed the timeline for the first tokenized asset offering, which artists' IP will be prioritized, or the size of any planned offering.
Questions readers ask
What is Soneium?
Soneium is an Ethereum layer 2 blockchain co-developed by Sony Group and Startale Group, designed to support tokenized assets and creator-focused applications.
What is WAVIST?
WAVIST is DayOneDream's tokenization platform, which has previously issued and fully repaid a tokenized bond to finance K-pop intellectual property.
Who can access the tokenized K-pop revenue assets?
Access to the tokenized assets will be limited to eligible users, with specific eligibility criteria determined by applicable regulations, according to the companies.
