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Shipfinex and ADI Chain to tokenize $500M ship pipeline
The vessels will be placed in separate special-purpose vehicles, with tokens potentially linked to vessel-backed credit or charter-linked income.
Shipfinex, a Dubai-based maritime asset tokenization platform, partnered with ADI Chain to tokenize a pipeline of about 35 vessels worth $500 million, aiming to open new financing channels for shipowners, according to Cointelegraph.
The companies said the vessels will be placed in separate special-purpose vehicles, and the resulting tokens could represent vessel-backed credit, charter-linked income, or other economic interests tied to individual ships.
ADI Chain, an Abu Dhabi-based blockchain focused on stablecoins and real-world assets, will provide distribution and settlement infrastructure, with primary allocations and distributions expected to use UAE dirham- and US dollar-denominated stablecoins.
Cointelegraph reported the effort is still in a pilot and operational-readiness stage, with no Maritime Asset Tokens publicly issued and the regulated issuance route still being finalized. The news comes as tokenized real-world assets continue to grow, with RWA.xyz tracking $38.1 billion in assets as of Aug. 9 and Standard Chartered forecasting tokenized RWAs could reach $4 trillion by the end of 2028.