Dubai-based maritime asset tokenization platform Shipfinex has entered into a partnership with ADI Chain to tokenize a portfolio of approximately 35 ships valued at $500 million. The companies aim to open up new financing channels for shipowners.
According to the company, the ships will be placed into individual special purpose vehicles. The tokens issued may reflect ship-secured credit claims, freight revenue, or other economic interests in individual vessels.
Abu Dhabi-based blockchain project ADI Chain specializes in stablecoins and real-world assets. It will provide the infrastructure for token distribution and settlements. Primary issuance and payouts are expected to be conducted using stablecoins denominated in UAE dirhams, US dollars, and other currencies.
The planned tokenization covers only a small part of the global shipping market. According to Clarksons Research.
The partnership is currently in the pilot and launch preparation phase: Maritime Asset Tokens have not been publicly issued, and the regulated issuance mechanism is still being refined.
The deal is concluded against the backdrop of a growing tokenized real-world assets (RWA) market. According to RWA.xyz, its total volume as of August 9 was approximately $38.1 billion. US Treasuries at $16.2 billion and commodities at $4.9 billion led the market.
In a report published on Monday, Standard Chartered's Global Head of Digital Assets Research, Geoff Kendrick, predicted that tokenized real-world assets could reach $4 trillion by the end of 2028.
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