Alexander Varvarenko's ShipNext chartering platform is seeking to move beyond Bitcoin by launching its own crypto-coins and tokens.
The company said it is offering 508m Ship Coins to raise $62m, giving investors a chance to benefit from profits generated by the platform.
The total amount of coins available will be capped at one billion.
But more significantly, dry bulk specialist ShipNext will also be launching Ship Tokens, which will be used for internal payments through blockchain encryption technology.
