Shipfinex wants to tokenize 35 vessels worth $500 million
Dubai-based Shipfinex, a platform specializing in maritime asset tokenization, has partnered with ADI Chain to tokenize around 35 vessels with a combined value of $500 million. The project is intended to open new financing channels for shipowners.
As Cointelegraph reports, each vessel will be placed into a separate special-purpose vehicle (SPV). The resulting tokens may represent vessel-backed credit instruments, charter-linked income, or other economic interests tied to individual ships.
ADI Chain, an Abu Dhabi-based blockchain platform focused on stablecoins and tokenized real-world assets, will provide the infrastructure for token distribution and settlement. Primary allocations and subsequent distributions are expected to use stablecoins denominated in UAE dirhams, U.S. dollars, and other currencies.
Not a trend yet
The scale of the project remains relatively small compared with the broader global shipping market. According to Clarksons Research, the combined value of the world fleet and orderbook was estimated at around $2.1 trillion at the beginning of 2026.
The partnership is still at the pilot and operational-readiness stage. No Maritime Asset Tokens have been publicly issued yet, while the final regulated issuance structure is still being developed.
The initiative comes as the market for tokenized real-world assets (RWAs) continues to grow. According to RWA.xyz, the total value of assets tracked by the platform stood at around $38.1 billion as of Aug. 9. The largest segments were tokenized U.S. Treasury debt at $16.2 billion and commodities at $4.9 billion.
Interest in the sector may continue to rise. In a report published on Monday, Standard Chartered forecast that the tokenized RWA market could reach $4 trillion by the end of 2028. The projection was made by Geoff Kendrick, the bank’s global head of digital asset research.
Blockchain failed the test
Attempts to introduce blockchain at scale in the shipping industry have been made before, but the technology has yet to become a widely adopted standard. One of the best-known projects was TradeLens, launched by Maersk and IBM in 2018 to digitize documentation and data exchange across global supply chains. Major container shipping companies, including MSC and CMA CGM, later joined the platform, but it failed to develop into a fully fledged industry-wide ecosystem.
In late 2022, Maersk and IBM announced that TradeLens would be discontinued, and the platform ceased operations in the first quarter of 2023. Maersk said that although the platform was technically viable, it had failed to achieve the level of global collaboration and commercial sustainability needed to continue.
As a reminder, the RWA market is attracting major Wall Street players.
Latest Tokenization News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
