ADI Chain, Shipfinex target tokenization of $680B ship finance market

ADI Chain and Dubai-based maritime asset tokenization firm Shipfinex plan to connect the roughly $680 billion global ship finance market to blockchain infrastructure, CoinDesk reported. CoinDesk said commercial vessels worldwide are valued at about $2 trillion, while financing for ship purchases and construction has largely been concentrated among a small group of shipowners, banks, and specialized lenders. The outlet added that the market’s closed structure, which relies on existing transaction relationships, has limited participation by smaller shipping companies and new investors. The two companies plan to tokenize the ship finance market, estimated at about $680 billion and spanning bank loans, leasing, and export credit, to encourage broader participation by institutional investors.