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FINTECH STARTUP RAISES $1.5M TO DEMOCRATIZE MARITIME FINANCE
Maritime fintech startup Shipfinex secured $1.5 million in seed funding to democratize maritime finance through blockchain-enabled fractional ownership of maritime assets.
Democratizing Maritime Finance
Shipfinex, a maritime fintech startup, recently announced it has secured $1.5 million in seed funding. Gaurav Mehta, chairman of shipping asset trader Best Oasis Limited and Dubai-based company SPM Shipping DMCC, led the funding round. Vivek Seth, senior vice president at ADNOC Logistics & Services, and Yasovardhan Chinni, founder of Nanlian Ship Management LLC, also participated.
Shipfinex aims to democratize maritime finance by enabling fractional ownership of maritime assets through blockchain technology. The startup believes this investment will kickstart a partnership that uses blockchain to reshape access to maritime assets.
According to a press statement, Mehta, a veteran in ship cash-buying and energy asset markets, will bring his extensive industry insights to Shipfinex.
Shipfinex plans to use the funds to support its growth and develop a secure and compliant marketplace for maritime asset tokens. The company also aims to accelerate its regulatory advancement with Dubai’s Virtual Asset Regulatory Authority (VARA).
Commenting on his financial backing of Shipfinex, Mehta said:
Shipfinex represents the next era in maritime finance, expanding asset ownership and enhancing transparency and efficiency. We’re excited to support this transformative journey and redefine how the world invests in maritime assets.
Vikas Pandey, CEO and co-founder of Shipfinex, lauded Best Oasis Limited CEO’s support and industry insights as “invaluable.” Pandey believes this will be key in Shipfinex’s endeavor to “redefine access and expand investment opportunities within maritime finance.”
@ Newshounds News™
Source: Bitcoin News
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HOSKINSON EXPLAINS WHY CARDANO IS PREFERRED; ADA TO HIT AN ATH SOON?
Amidst the broader market optimism, Cardano’s price has been showing impressive surges lately as evidenced by its recent rally. Additionally, a flurry of developments around its founder Charles Hoskinson has also sparked market optimism.
Why Will It Reach An ATH?
In a latest X post, Hoskinson has praised the Cardano community. He explained why people prefer Cardano as he underscored that “We have the best community and the best entrepreneurs.
It’s a harder road, but it will change the world.” further, he also predicted the Voltaire update to make the ecosystem the “finest government ever assembled by humanity.”
Additionally, Charles Hoskinson visiting Elon Musk’s SpaceX office has also sparked speculations, given Musk’s rising influence in the US political landscape.
Besides, Hoskinson has recently said that he would support the Trump Government in shaping crypto legislation. He seeks to help the US administration in framing clear regulatory frameworks for digital assets, which have encountered regulatory pressure over the past few years.
Ripple CEO’s Comments Adds To The Optimism
The recent comments from Ripple CEO Brad Garlinghouse have also incited market optimism. He stated:
“The crypto industry has embraced Trump, Trump has embraced the crypto industry. I think it’s very genuine, and I think he sees the opportunity, he sees innovation, he sees entrepreneurship and I’m very excited about what the future holds.”
Garlinghouse highlighted that U.S.-linked crypto assets, such as XRP, SOL, and ADA, have outperformed other tokens due to the expected easing of regulatory pressure. He noted that the anticipation over pro-crypto policies under Trump administration has fueled the rally.
Besides, a prominent crypto market analyst Ali Martinez recently said that Cardano price is poised to hit $6 in 2025, further fueling the expectations of a potential ADA rally to its new ATH.
First Ever zkApp Launched On Cardano’s Midnight Sidechain
In the latest development, the first-ever zero-knowledge application (zkApp) has been launched on Cardano’s Midnight sidechain, that has excited both the community and the founder Charles Hoskinson as well. This innovation is a result of Midnight partnering with Paima Studios.
Sebastien Guillemot, the co-founder of Paima Studios, announced the launch of the zkApp on X. At its core, this partnership is set to simplify the development of multi-stack decentralized applications (dApps) and empower developers to leverage the strengths of different blockchain ecosystems seamlessly.
@ Newshounds News™
Source: CoinPedia
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XRP NEWS TODAY: TRUMP MEETS WITH GARLINGHOUSE. WHY IS THIS IMPORTANT? | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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