Shipfinex Taps ADI Chain for Blockchain-Based Vessel Tokenization

Shipfinex, a Dubai-based company, is partnering with ADI Chain to tokenize around 35 vessels valued at approximately $500 million. The planned structure will give shipowners access to blockchain-based financing and investment channels. Each vessel in the pipeline will be placed inside a separate special-purpose vehicle (SPV), allowing tokens to represent economic interests tied to individual ships.

The ADI Chain network will provide the distribution and settlement infrastructure for the planned tokens. Stablecoins denominated in UAE dirhams, U.S. dollars, and other currencies are expected to support primary allocations and distributions. The project remains in its pilot phase, with no Maritime Asset Tokens publicly issued yet.

Shipfinex's planned vessel tokenization model brings traditionally bank-loan financed assets into a tokenization model where defined economic rights can be represented and settled through blockchain infrastructure. A similar model has already emerged elsewhere in the maritime sector, such as Ethra Ship's launch of a blockchain protocol for investments linked to operating maritime assets.