Tokeny, a top European tokenization platform, has revealed a partnership with ShipFinex. According to a note from the firm, the two are collaborating on ship ownership that is said to transform “the way maritime assets are tokenized and managed.” Tokeny has largely focused on digital securities in the past.
ShipFinex is a platform that enables maritime finance by providing a marketplace for tokenized maritime assets. This allows global investors to access and trade these assets.
Tokeny explains that the partnership will see ShipFinex leverage Tokeny’s technology to ensure that all tokenized maritime assets on its platform meet the demands of regulatory compliance. The partners aim to improve maritime finance.
ShipFinex’s expertise in maritime finance, combined with Tokeny’s proven track record in tokenized securities infrastructure, creates a powerful synergy that is expected to accelerate the growth and adoption of tokenized maritime assets globally.
ShipFinex said it has recently received approval from the Virtual Assets Regulatory Authority (VARA) in the UAE. ShipFinex was launched in 2022 to support fractional ownership of the shipping industry. Via a “Maritime Asset Token” (MAT) Shipfinex seeks to tokenized cargo ships, cruise vessels, yachts and other private boats. Any yield will be paid to investors in USDT (Tether).
Shipfinex has a US subsidiary based in Wyoming.
The company is accepting emails for its pre-launch registration.