Yellow Network and ShipFinex Partner to Bring Two Trillion Dollar Industries Together in Web3 World
Yellow Network and ShipFinex are excited to announce their partnership in a move that will bring together two trillion-dollar industries — Web3 and the maritime economy.
Yellow, a blockchain product and infrastructure company, and ShipFinex, which is tokenizing the maritime economy, are eager to announce a new strategic partnership to strengthen the development of the Yellow Network project.
Yellow Network is a decentralized Layer-3 peer-to-peer broker clearing network powered by OpenDAX from Openware, that delivers a legitimate decentralized trading experience with unprecedented safety and transparency for all network participants from exchanges and brokers to traders.
ShipFinex is tokenizing the maritime economy by making it possible for retail and institutional investors to buy, trade, sell and own fractional shares in maritime assets. With a comprehensive infrastructure layer, ShipFinex is addressing the challenges of the shipping finance ecosystem through the use of underlying blockchain technology and the integration of concepts such as real-world asset tokenization and fractional ownership.
ShipFinex features an exchange platform for fractional ownership of maritime assets, a decentralized marketplace connecting service providers to ship owners, and metaverse capabilities for tracking assets on the platform with the integration of gamification. It also facilitates a seamless flow of payments across the globe within the maritime economy under fully regulated guidelines.
Marine Coin ($MRN) is the new digital currency that uniquely powers the tokenization of the shipping industry. It is the native token of the ShipFinex ecosystem and will be used for a variety of utility and governance-based payment structures. All transactions, yield payments, and trade-offs will be made and settled using $MRN as a standard practice.
This partnership will bring together two trillion-dollar markets, converging them into a single solution through a multi-layer infrastructure setup and making shipping assets accessible to everyone through Web3-based tools.
What’s next
Both communities can look forward to joint AMA sessions, joint community activities, and much more as these two projects work to make the Web3 world more accessible for users around the world.
According to Troy Suraz, CMO of ShipFinex, “As the hype dies out and the market heads into an era of surfacing genuine value through innovation, ShipFinex.com and Yellow.org enter into a partnership that solves liquidity issues for users across two trillion dollar industries — Web3 and Maritime.”
About Yellow
Yellow is a global ecosystem of blockchain products & services for Web-3 Internet of Finance, providing startup seed funding, mentorship, advisory, data analytics, market making, and fintech software solutions. Yellow also includes developer tools, services, and education programs worldwide for blockchain infrastructure developers and crypto brokerage businesses.
Press Contact: press@yellow.com
About ShipFinex
ShipFinex is a project that is tokenizing the maritime economy and addressing the challenges of the shipping finance ecosystem through the use of underlying blockchain technology and the integration of concepts such as real-world asset tokenization and fractional ownership.
Learn more about ShipFinex: https://linktr.ee/shipfinex
