Oceanus Group has announced on Feb 6 that it has entered into a partnership with Clearwater Capital to digitise and tokenise cash-flow backed trade flows on its artificial intelligence (AI) powered finance technology platform, ODIN.
Formerly in food production, Oceanus has since reshaped itself into a regional distributor of food products while providing adjacent and complementary services in logistics and marketing. ODIN, or the Oceanus Digital Network (ODIN), is the group’s blockchain-enabled digital exchange which aims to integrate all aspects of the business into a unified platform.
Presently, Oceanus says that its underlying trade and supply chain activities generate approximately US$200 million ($253.9 million) in annual trade flows, comprising short-duration, self-liquidating trade transactions linked to real-economy counterparties. According to the group, these activities are expected to generate around US$300 million in 2026.
The group says the collaboration is intended to make selected trade flows “institution-ready”, with higher transparency, auditability, reporting discipline as well better capital and operating efficiency, while keeping “clear ownership boundaries” and without altering control of Oceanus’ operating businesses.
Subject to regulatory considerations and internal approvals, the initiative seeks to assess potential benefits including the development of institutional grade solutions adhering to governance, risk and reporting frameworks, enhanced transparency and reporting of trade and supply chain flows, improved capital and operating efficiency for certain business activities and finally where appropriate, broader stakeholder participation.
The initiative is supported by Clearwater, a Singapore fund management company regulated by the Monetary Authority of Singapore (MAS). Liu SM, investment director at Clearwater, will oversee Clearwater’s structuring and investment management aspects of the initiative.
See also: DBS, Franklin Templeton and Ripple sign MOU to launch trading and lending solutions
Peter Koh, CEO Oceanus Group, says: “ODIN already digitises our cross-border trade workflows. This initiative could take the next step, creating an institutional-grade ‘on-chain transaction truth layer’ where key transaction states are independently verifiable.”
“Supply Chain transactions are characterised by predictable factors such as short tenors and self-liquidating structures. The prospect of tokenising the value chain lies in its ability to transform how value is created, exchanged, and scaled—unlocking exponential development opportunities across markets,” adds Liu.
Oceanus clarifies that discussions remain at an exploratory and evaluation stage. No definitive agreements have been entered into and no fund launch, token issuance, or capital raising has occurred to date.
See also: OCBC establishes US$1 bil tokenised USCP to strengthen USD liquidity resilience
Should there be any material developments, the group will make further announcements.
Shares in Oceanus Group closed flat 0.3 cents on Feb 9.
