"Supertankers" are the largest oil tankers, and the largest man-made mobile structures. They include very large and ultra-large crude carriers (VLCCs and ULCCs) with capacities over 250,000 DWT. These ships can transport 2,000,000 barrels (320,000 m3) of oil/318,000 metric tons.
Vestinwolf Alternatives Ltd. announced that it has successfully begun the Tokenization of chartering revenues earned from Very Large Crude Carriers. The tokenized securities will be issued via Stellar Network. Vestinwolf has successfully tokenized $4M worth of revenue rights. Although the figure is a drop in the ocean, it's a positive start towards wider adoption of distributed ledger technologies.