Corporate Finance, DeFi, Blockchain, Web3 News
Corporate Finance, DeFi, Blockchain News

The first sustainable solution for maritime finance

Infinity Maritime embraces the maritime ecosystem from banks to brokers, digitising environmentally friendly vessels and enabling trading on a banking grade marketplace solution, powered by VALK, built on R3’s Corda.

Infinity Maritime will be the first platform to provide alternative finance through digitisation, enabling fractional ownership of cargo ships, such as dry bulk carriers, tankers and container ships. The asset-backed Meta Units will be tradeable on a fully regulated exchange, resulting in a secondary market for investors. The platform will focus on creating a sustainable fleet via the purchase and upgrade of modern vessels, in line with the Poseidon Principles for sustainability.

London based Infinity is taking an important leap ahead by partnering with the institutional grade provider and market leader: VALK, built on Corda. It will be the first alternative finance platform focused on maritime assets to run on the Corda platform, reinforcing its position in the industry as the leading institutional digital platform for shipping assets.

An enterprise grade blockchain platform, Corda is developed by R3, who leads the largest blockchain ecosystem of more than 350 participants, including more than 40 global investment banks. From investor onboarding, to data room analysis, legal documentation signing, investment, post trade and secondary market, Infinity’s processes will be digital, automated and concentrated on one single, secure and easy to use platform giving Infinity its own primary and secondary private marketplace and access to a wide ecosystem of exchanges and banks.

VALK’s solution will be providing Infinity clients and investors with a better and secure user experience that only digital banks or slick e-trading platforms have today while allowing for fractional asset ownership, enabling a secondary market for previously illiquid holdings.

“We are delighted to work with Infinity in creating the first institutional and banking grade Ship Financing platform. Infinity have strong roots and experience in finance and shipping but a vision and a plan that is bringing tangible and revolutionary financing and trading solutions for the industry. By powering several top-class financial institutions in Europe and supporting hundreds of millions of transactions already, we want to bring our technology experience and support to Infinity and enable them to achieve their objectives. There are already many opportunities that we want to help them take advantage of by connecting with Corda’s vibrant user base and exchanges we are close to. Infinity are innovators and pioneers and they will shape industry trends and establish new standards of deal making and fundraising in shipping and probably other asset classes down the line and we are here to give them ” state VALK founders Antoine Loth and Elie Azzi.

Andrew Graham, Chairman, Infinity Maritime said: “Now is the right time to try and launch the first digitised finance proposition for the maritime industry. The concept is now much better understood, and access to finance in the maritime sector has become much harder to secure. 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 Infinity can help deliver this with Meta Unit financed fleets.”

VALK is a London and Zurich based fintech that has developed an end-to-end digital solution for private markets that can be used by investment banks, asset managers and fund managers that want to digitize their processes and assets from end to end to reduce costs, time spent on processes, improve user experience and transactions and operate secondary market trades. Their solution is built on two strong banking technological infrastructures : Corda and BT Radianz, giving their clients access to a wide network of financial institutions they can connect and trade with. Indeed, being built on Corda, VALK allows for instant settlement on chain, investing & secondary market trading in a secure, compliant and robust environment and interoperability and connectivity with the world’s largest banking DLT ecosystem.

VALK is the leading Cordapp focusing on private markets with a strong ecosystem of users in Europe and already hundreds of millions of transactions supported.

Infinity Maritime is the London based alternative finance digital platform for the issuance and trading of asset-backed Meta Units in the maritime sector. Through the fractionalisation and digitisation of illiquid assets, Infinity allows broader access to large asset investment opportunities and more exit opportunities for investors. Purchasers/acquirers of Meta Units include family offices, hedge funds, HNW/UHNW and other yield investors.

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Mardi 27 Octobre 2020