Shipfinex plans to bring 35 vessels onchain through ADI Chain as tokenization expands into the multitrillion-dollar maritime industry.
Dubai-based maritime asset tokenization platform Shipfinex partnered with ADI Chain to tokenize a pipeline of around 35 vessels worth $500 million, as it looks to open new financing channels for shipowners.
According to the company, the vessels will be placed in separate special-purpose vehicles, with the resulting tokens potentially representing vessel-backed credit, charter-linked income or other economic interests in individual ships.
ADI Chain, an Abu Dhabi-based blockchain focused on stablecoins and real-world assets, will provide the distribution and settlement infrastructure. Primary allocations and distributions are expected to use UAE dirham-, US dollar- and other currency-denominated stablecoins.
Read more
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more News articles, you can visit our General category.