- Dubai-based Shipfinex partnered with ADI Chain to tokenize a pipeline of around 35 vessels worth $500 million.
- Each vessel will be placed in a separate special-purpose vehicle, with tokens representing credit, charter income, or other economic interests.
- Abu Dhabi-based ADI Chain will provide the settlement infrastructure, using stablecoins for primary allocations and distributions.
Shipfinex, a Dubai-based maritime asset tokenization platform, has partnered with Abu Dhabi-based blockchain ADI Chain to tokenize a pipeline of around 35 vessels worth $500 million, opening new financing channels for shipowners. 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, which is focused on stablecoins and real-world assets, will provide the distribution and settlement infrastructure for this initiative. Consequently, primary allocations and distributions are expected to use UAE dirham-, US dollar- and other currency-denominated stablecoins. This partnership marks a significant step as tokenization continues to expand into the multitrillion-dollar maritime industry.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
