Press Release

Ambrosus partners with SHIPNEXT to accept AMB in STO

Collaboration represents strong use case of cryptocurrency in trade and supply chain industries

Valletta, Malta – 12th December 2018 — Ambrosus, the globally decentralised blockchain and IoT platform, has partnered with SHIPNEXT, an international digital shipping marketplace, to boost its Security Token Offering (STO).

This partnership marks an industry-first use case for an alternative cryptocurrency to be accepted as a form of contribution in an STO. The involvement of Ambrosus and its community in the SHIPNEXT STO also demonstrates the viability of blockchain and IoT technology to maximise efficiency and transparency in global shipping, trade, and supply chain operations.

Angel Versetti, CEO and Co-founder of Ambrosus, says: “The partnership aligns seamlessly with our goal to revolutionise the future of industrial development and supply chain operations through the use of decentralised and transparent data management tools. By enabling our community to directly participate in the STO, we are excited to leverage this unique opportunity to play a pivotal role in the development of a project that is leveraging blockchain’s potential to make global supply chains exponentially more efficient.”

The STO aims to further SHIPNEXT’s dedication to build a digital platform that provides transparent pricing, access to supply chain data and analytics, and advanced freight and ship tracking.  The collaboration between SHIPNEXT — whose executive team counts decades of supply chain and transport experience — highlights the calibre and industry need for the Ambrosus platform and its native token in the logistics and supply chain spaces. 

Alexander Varvarenko, CEO of  SHIPNEXT, says: “We have taken the strategy of building a global supply chain ecosystem, through a decentralised transportation network. Accepting AMB during the STO is a clear first step in the right direction, and especially beneficial for improving traction of our platform.” 

The initial investment round of the STO is currently underway. For more information, visit

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