ChainCatcher news, the maritime economy tokenization protocol Shipfinex has announced the completion of a $1.5 million seed round financing, led by Mr. Gaurav Mehta, Chairman of Best Oasis Limited and SPM Shipping DMCC, with participation from Mr. Vivek Seth, Senior Vice President of ADNOC Logistics & Services, and Mr. Yasovardhan Chinn, Founder of Nanlian Ship Management LLC. Specific valuation information has not been disclosed.The new funds will support its efforts to achieve partial ownership of maritime assets through blockchain, thereby democratizing maritime finance and collaborating with the Dubai Virtual Assets Regulatory Authority (VARA) to develop a secure and compliant Maritime Asset Token (MAT) market.According to Web3 asset data platform RootData, ShipFinex is achieving the tokenization of the maritime economy by providing retail and institutional investors with the convenience of buying, trading, selling, and owning fractional shares of maritime assets. With a secure infrastructure layer, ShipFinex is addressing the challenges of the ship finance ecosystem through underlying blockchain technology and integrating the concepts of real-world asset tokenization and fractional ownership.

ChainCatcher news, Singapore's SBI Digital Markets (SBIDM) has signed a memorandum of understanding with Korea's KB Securities for the issuance of security tokens (STO). SBIDM is an indirect subsidiary of Japan's SBI Group, which is very active in the tokenization field. The two companies aim to leverage their ecosystems in Korea and global markets to explore the tokenization of real-world assets, particularly in Europe and Asia, where there is greater legal certainty.

ChainCatcher news, the RWA tokenization protocol Blocksquare announced the tokenization of real estate assets worth 100 million dollars.Blocksquare stated that the EU land registry has for the first time notarized tokenized real estate transactions.

ChainCatcher news, the RWA tokenization protocol ELYSIA announced a strategic partnership with DWF Labs to jointly develop innovative digital asset solutions and new business models.It is reported that DWF Labs will assist ELYSIA in expanding in the RWA market through collaboration and support in areas such as marketing, business development, and technical support.

ChainCatcher news, the decentralized tokenized financial infrastructure platform AllianceBlock has announced its rebranding to Nexera Foundation, which will launch the compliant tokenization protocol Nexera Finance.It is reported that after the rebranding, the Nexera Foundation will focus on developing the ecosystem DAO and enhancing the utility of the native NXRA token.

Chain Catcher news, the real asset tokenization protocol Watr has won the 27th round of Polkadot parachain auctions. It is reported that Watr is a real asset tokenization protocol that can tokenize assets such as carbon credits, agricultural commodities, metals, and energy, and supports financing and trading, among other functions.