Shipfinex Announces TMC Shipping as First Digital Token Customer

UAE-based Shipfinex FZCO says international shipowner TMC Shipping will become the first company to list assets on its blockchain-based token platform.

Shipfinex aims to provide shipowners with alternative sources of financing by fractionalizing their assets and selling them as digital tokens to investors worldwide.

This partnership makes TMC Shipping one of the first shipping companies in the UAE and Greece to “tokenize” their assets on the Shipfinex ecosystem, which uses so-called “Marinecoins” as its native token.

“We are confident that our tokenization platform will help TMC Shipping to achieve its business goals and raise capital more quickly and efficiently,” said Captain Vikas Pandey, Founder and CEO of Shipfinex. “We believe that tokenization has the potential to revolutionize the ship financing industry and make it easier for ship owners to access the capital they need to grow their businesses.

“This is the first of many assets from a number of other shipowners that we are currently in firm discussion with to tokenize on our platform.We expect this market to grow rapidly over the next few years making it a win-win for both investors and the maritime community,” he said.

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