What is ShipFinex?

What is ShipFinex?

ShipFinex is a digital exchange that tokenises maritime assets and simplifies investments. There is a pressing need for capital liquidity in the maritime sector as institutional funding is cumbersome and out of reach for many shipowners. 

Ship finance is the process of raising money to purchase ships. A ship owner usually approaches banks and private financial institutions to raise capital against equity.  Ship financing is a complex and specialized field, as ships are very expensive assets and the shipping industry is cyclical. After the bank or the financial institution is paid off, Ship owners typically have large amounts of capital (in the range of several millions of dollars) locked up in their maritime assets (ships). 

Shipfinex offers these shipowners a much needed route to unlock this locked up capital by using blockchain technology and the concept of fractional ownership. Ships are tokenised on the platform legally and divided into several fractions or Maritime Asset Tokens (MAT’s). Each individual MAT token represents legal ownership of the ship in proportion of its value to the whole value of the ship. 

ShipFinex's core proposition is enabling sustainability and liquidity in the maritime sector by building trust across the globe between investors, businesses, and stakeholders using blockchain, DeFi, AI, and Web3 technologies.

ShipFinex offers a variety of features and services, including:

  • An asset tokenisation platform where ship owners can legally tokenise their maritime assets (ships, yachts etc) and fractionalise them into Maritime Asset Tokens (MAT’s)
  • A digital exchange platform where shipowners can offer users, fractional tokens of maritime assets (MAT’s) along with associated vessel performance data and an investor relations management module
  • A decentralised marketplace to connect Maritime service providers to ship owners and other platform users
  • Metaverse capabilities to track assets present on the platform with integration of gamification
  • Realtime flow of payments across the globe within the maritime economy under fully regulated guidelines using blockchain technology

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    • Is ShipFinex safe and regulated?

      Yes, ShipFinex is a safe and regulated platform. ShipFinex follows the relevant regulations and guidelines, such as KYC/AML, Wallet screening etc. ShipFinex also uses advanced technology to secure its transactions and data. It also regularly conducts ...

    • How can I sign up for ShipFinex?

      Shipfinex is about to launch. You can register now on ShipFinex. You need to visit the ShipFinex website and click on the “Sign up” button. You will then need to provide your full name, email address and phone number. You will also need to agree to ...

    • Are there any taxes associated with MATs on ShipFinex?

      The taxes associated with earnings on ShipFinex depend on your tax residency and the tax laws of your country or region. You are responsible for reporting and paying any taxes that may apply to your financial position on ShipFinex according to your ...

    • Is there a referral program on ShipFinex that rewards users for bringing in new members?

      There will soon be a referral program on Shipfinex. Please stay tuned by subscribing to our newsletter and following our social handles for information and updates about the referral program

    • Can anyone own MATs from anywhere in the world?

      Yes, you can own MATs from anywhere in the world as long as you have a Shipfinex Shipowner Club membership.