Shipfinex, a maritime asset tokenization financial technology platform, has announced the completion of a $1.5 million seed round of financing. Mr. Gaurav Mehta, Chairman of Best Oasis Limited and SPM Shipping DMCC, led the investment, with the participation of Mr. Vivek Seth, Senior Vice President of ADNOC Logistics & Services, and Mr. Yasovardhan Chinn, Founder of Nanlian Ship Management LLC. The specific valuation information has not been disclosed yet. The new funds will support its democratization of maritime finance by enabling partial ownership of maritime assets through blockchain and collaborating with the Dubai Virtual Asset Regulatory Authority (VARA) to develop a secure and compliant maritime asset token (MAT) market.
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Shipfinex, a maritime asset tokenization fintech platform, completes $1.5 million seed round
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