UAE HBK Projects invests in Blockchain Nexum

Nexum Foundation vision is to drive innovation in the shipping and oil industry by leveraging blockchain technology and introducing DeFi in the maritime finance ecosystem.

In a recent medium post Panos Georgolios Co Founder of Nexum wrote, " Nexum is here to unbank shipping. Unbanking Shipping is using the blockchain to hand the power from the global and elitist financial centers to the people in the money issues of the global moving force of trade· Unbanking shipping is instant digital cash mechanisms and cryptocurrencies to move money from one port to another , one ship to the supplier, fast enough, cheap enough allowing the seafarers and hard working men of shipping to focus on their heavy tasks."

He adds, " Unbanking shipping is allowing the finance of the commercial ships where the captain has to keep in the safe and distribute to the seamen more than 500,000$ in physical cash for the case that they dock in destinations without currency exchanges like Africa, Asia and remote islands· Unbanking shipping is a technological declaration on how to use the crypto space to handle the power of financing of the world trade directly to the people thanks to the Decentralized Finance community."

Nexum Foundation had launched its utility token NEXM on the Decoin exchange on January 5, 2022. This launch makes Nexum the first blockchain-based platform in maritime financing to publicly trade its cryptocurrency.