Kaia, Hanwha Investment’s Singapore Unit Pinetree, Galactica Team Up on Ship-Finance Tokenization

Kaia is expanding its real-world asset tokenization business, starting with ship finance, through a partnership with Pinetree, the Singapore unit of Hanwha Investment & Securities, and real-world asset tokenization firm Galactica.

The three companies signed a memorandum of understanding to cooperate on the tokenization and distribution of real-world assets, Kaia said on July 10. They plan to jointly manage the full process, from asset sourcing and structuring to token issuance, investor distribution and regulatory compliance.

Their first project will focus on ship finance in Indonesia. Galactica will be responsible for asset sourcing and product structuring, while Kaia will provide on-chain financial infrastructure including token issuance, settlement and lifecycle management. Pinetree will handle licensing under Singapore’s regulatory framework and investor distribution.

Galactica is a Singapore-based real-world asset tokenization company established by Kaia and Indonesian shipping company PT Pelayaran Korindo. It operates Pegasus, a ship-finance tokenization program backed by LNG carriers, and plans to broaden tokenization to infrastructure assets and financial products.

Galactica Chief Executive Officer Kim Yung-young said the company aims to use the ship-finance real-world asset model proven through Pegasus to introduce a wider range of assets to global investors with Pinetree and Kaia, beyond Indonesia’s shipping industry.

Kaia Chairman Seo Sang-min said the company is building end-to-end on-chain financial infrastructure spanning stablecoins and real-world assets. The partnership will further expand Kaia’s role as an on-chain finance hub where real-world assets are issued, settled and distributed on blockchain networks.

Pinetree Chief Executive Officer Lee Sang-won said the company will implement real-world asset tokenization within Singapore’s regulatory framework and use its global network to connect vetted investment opportunities with investors worldwide.