Magma Maritime launched a ship finance platform, in which through tokenization will boost fractional ownership of cargo vessels. Specifically, the company negotiates with potential investors, in order to raise an initial $200 million to purchase on modern dry bulk cargo vessels with tokenized ownership structure.
In fact, through the platform the company goals to enhance a well-secured access in finance of the maritime market.
Moreover, the Magma Maritime is interested on creating sustainable vessels, through the purchase and the upgrade of newer vessels.
The new offering is for ship owners who would like more manageable and more liquid shipping holdings and for institutional investors seeking direct exposure to the shipping market, but who don’t necessarily have technical knowledge. The offering is also of interest to traditional financial institutions looking to refinance their existing debt exposure to this asset class.
… as Magma Maritime informed.
At the same time, secondhand vessels no older than five years are also in the spotlight for potential investment, achieving the highest sustainability rating in line with the Poseidon Principles.
In recent years the sector has seen a dramatic reduction in the number of banks offering ship finance, prompting a real need for a new financing approach. We believe a sustainable focus is now an imperative for the sector to thrive and Magma Maritime can help deliver this with token financed fleets.
… Andrew Graham, chairman of Magma Maritime concluded.
