UAE based ShipFinex, tokenization platform for maritime finance, has announced a strategic partnership with Tokeny, the leading onchain finance operating system specializing in tokenized securities.

As per the announcement, the collaboration aims to transform the tokenization and management of maritime assets, introducing a new era of transparency, security, and compliance in the multi-billion-dollar maritime sector.

ShipFinex will leverage Tokeny’s state-of-the-art technology to ensure that all tokenized maritime assets on its platform adhere to the highest standards of regulatory compliance and security. This integration will utilize the ERC-3643 standard, bolstering investor confidence and setting a new benchmark for digital finance in the maritime industry.

ShipFinex and Tokeny will aim to offer a secure, transparent, and regulated marketplace that opens maritime investments to a broader range of global investors.

The announcement follows ShipFinex’s recent milestone of receiving initial approval from the Virtual Asset Regulatory Authority (VARA) in the UAE.

This partnership with Tokeny further underscores ShipFinex’s commitment to adopting world-class solutions to enhance the security and compliance of its platform. By integrating Tokeny’s robust infrastructure, ShipFinex is well-positioned to lead the digital transformation of maritime finance.