According to ChainCatcher, the Kaia Foundation will launch a joint venture project "Galactica" for the tokenization of ship RWA with PT. Pelayaran Korindo (hereinafter referred to as Pelayaran Korindo), a major shipping company in Indonesia, in early Q4 of this year.
Pelayaran Korindo is an integrated logistics company with maritime business centered in Indonesia, with global business experience, localized expertise in Southeast Asia, and an extensive partner network. Galactica aims to provide an innovative ship purchase process using tokenization technology, with a special focus on the Indonesian market, which has approximately 17,000 islands and high demand for ship purchases. Galactica plans to raise funds for ship purchases through decentralized investment in RWA tokens, thereby optimizing the traditional ship purchase process and bringing double benefits to ship owners and investors.
