According to CoinMeta, Shipfinex announced a partnership with ADI Chain to tokenize approximately 35 ships, with a total asset value of around 500 million US dollars. The initiative is aimed at providing shipowners with blockchain-based financing and investment channels. Each ship will be managed within a separate special purpose vehicle (SPV), SPV, thereby creating a legal structure that allows the tokens to represent the economic interests associated with each individual ship. The plan is still in the pilot and operational preparation phase, and no tokens have been publicly issued yet.