Shipfinex and ADI Chain are preparing a tokenization pipeline covering about 35 vessels valued at roughly $500 million, using separate special-purpose vehicles to structure economic rights tied to individual ships. Depending on the transaction, the planned tokens could represent vessel-backed credit, charter-linked income or other interests, while ADI Chain is set to provide the blockchain distribution and settlement layer, including stablecoins denominated in UAE dirhams, U.S. dollars and potentially other currencies. The project is still in pilot and operational-readiness stages, and the regulated issuance route for the Maritime Asset Tokens has not yet been finalized, leaving no public issuance so far. The planned structure would bring a traditionally bank- and private-capital-funded asset class onto blockchain rails at a time when tokenized real-world assets total about $38.1 billion, with Standard Chartered forecasting the market could reach $4 trillion by the end of 2028.