A $2 trillion asset class is getting a new blockchain rail
News Source : CoinDesk
News Summary
- ADI Chain and Shipfinex are partnering to tokenize commercial ships.
- They aim to open the $680B ship-finance market to wider capital pool.
- Maritime shipping accounts for more than 80% of international trade in goods by volume.
- The deal signals that tokenization is expanding beyond financial instruments such as government bonds and money market funds into physical, capital-intensive infrastructure, like ships and warehouses, that underpin the global economy."Maritime finance has the scale, real assets and commercial activity to become a major new real-world asset category," Ramana Kumar, President of Stablecoin Ecosystem at ADI Foundation said.
ADI Chains job is to turn those deals into blockchain tokens and handle payments using stablecoins (digital tokens pegged 1to1 to real currencies like the UAE dirham or the U.S.
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