Ethra Ship Launches Maritime Asset Tokenization Protocol on June 24

According to Ethra Ship, the company launched a two-layer blockchain protocol on June 24 designed to tokenize commercial maritime assets for both retail and institutional investors. The protocol combines a public SHIP governance token with a regulated investment layer offering fractional exposure to revenue-generating dry bulk vessels valued between $30 million and $120 million.

The first layer enables SHIP token holders to stake for access to operational fleet data and governance participation. The second layer, requiring KYC/AML verification, grants qualified investors fractional ownership in Special Purpose Vehicles (SPVs) operating commercial shipping vessels, providing cash flow participation from freight charter operations. Ethra emphasized the protocol is backed by its shipping business operational since 2021, distinguishing it from projects that tokenize assets before establishing operational revenue.