The Only
Fully On-Chain Loan Origination Platform

Unbanking Shipping marks the first step in integrating blockchain  technology with traditional finance.

The Industry

The shipping industry is a capital-intensive business complicated by its multi-jurisdictional nature. The fragmented and opaque nature of the industry makes it ripe for innovation, and a natural field for blockchain application.

We aim to disrupt the financial transmission mechanism on the operating expenditure side starting from the bunkers market using blockchain technology.

The Market

The international shipping industry, using various specialized types of vessels, is responsible for approximately ninety percent of world trade. The bunkers industry provides the fuel needed to operate these vessels.

The global bunkers fuel market is currently estimated to be 229 million metric tons per annum, with the current bunker fuel price of around USD650 per metric ton valuing the market at approximately USD150bn per annum. This is forecast to grow with a Cumulative Annual Growth Rate (CAGR) of c. 5%, reaching USD200bn per annum by 2031.

Nexum Platform has already onboarded a number of traders with an aggregate annual turnover up to USD3bn. The bunkers market is a highly fragmented and opaque market, with a significant portion of the market being transacted on a bilateral basis. The bunkers market is a key component of the shipping industry, with bunker fuel costs representing a substantial part of the operating costs of a vessel.

The Technology

Win blockchain as its core, Nexum simplifies operation nd unlocks new loyalty and payment possibilities.

Regulation

The platform uses proprietary technology and sector specific financial models that enable real-time risk assessment and price adjustment based on counterparty risk, prevailing market conditions and the platform’s proprietary data set.

Flexible

It is built to provide quick capital deployment and unlimited scalability, enabling the execution of any number of daily transactions with minimum human input. The disbursement mechanism has been designed to protect against fraudulent transactions.

Blockchain

The platform is fully integrated on the blockchain, allowing seamless payments in both fiat and stablecoin currencies. Blockchain facilitates immutable real-time reporting of net positions and balances on an aggregate level and an audit trail for ledgers, documents, credit decisions, AML and compliance, at a transaction level.

The Platform

Crypto and Fiat payments

AML/Sanctions check on transaction basis

Utilising Nexum Hub for deposits and withdrawals

Retains KYC & Invoice Finance data at a granular level in a decentralised manner

Integrated accounting and ledger technology with fiat and crypto representation

Fully integrated with Nexum Yield

Regulatory Compliance

Regulation

Identity

All users of the Nexum ecosystem are required to utilise Nexum Hub, where they must add at least one of their self-custodian blockchain wallets (EVM and Bitcoin wallets). User data is stored in a decentralised manner that satisfies the user’s right to be forgotten. An NFT is minted referencing the storage location of user’s verified identity data in accordance with international AML and data privacy requirements.

The Process

The average funding period of a bunker supply invoice is c. 25 days. Under US law Buyer invoice represents an in-rem senior claim against the vessel, effectively securing the Platform's lending against a real asset.

Bunker invoices effectively have money market debt instrument characteristics, with historically minimal risk of non-payment. The Platform disburses up to ninety percent of the Supplier invoice amount and has other remedies at its disposal against the trader that further enhance the credit worthiness of the receivables.

The financing amounts advanced to the Supplier and collected from the Buyer are unaffected by oil price risk, leaving the Platform exposed only to Buyer credit risk.

The Only Fully On-Chain Loan Origination Platform