{"id":156884,"date":"2026-06-21T14:37:19","date_gmt":"2026-06-21T21:37:19","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=156884"},"modified":"2026-06-21T14:37:19","modified_gmt":"2026-06-21T21:37:19","slug":"trincomalee-marine-industrial-hub-tokenized-fund-tmt-fund","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2026\/06\/21\/trincomalee-marine-industrial-hub-tokenized-fund-tmt-fund\/","title":{"rendered":"Trincomalee Marine Industrial Hub Tokenized Fund (TMT Fund)"},"content":{"rendered":"

Dr Sarath Obeysekera<\/em><\/span><\/h2>\n\n\n

Investor Briefing for Policy Consideration<\/strong><\/p>\n\n\n\n

The Trincomalee Marine Industrial Hub Tokenized Fund (TMT Fund) is a pioneering initiative designed to mobilize private and diaspora capital for the development of Sri Lanka\u2019s proposed Marine Industrial and Offshore Repair Hub in Trincomalee. Using blockchain-based tokenization, the fund allows fractional investment and transparent participation in a Public\u2013Private Partnership (PPP) structure. The pilot model aims to attract USD 500 million in capital while ensuring traceability, liquidity, and compliance with national<\/p>\n\n\n\n

financial regulations.<\/p>\n\n\n\n

How the Tokenized Fund Works<\/p>\n\n\n\n

1. A licensed fund manager establishes a Special Purpose Vehicle (SPV) to own project equity.<\/p>\n\n\n\n

2. The SPV issues digital tokens (TMT Tokens) on a regulated blockchain network (e.g. Polygon or<\/p>\n\n\n\n

Ethereum).<\/p>\n\n\n\n

3. Each token represents a fractional ownership share, with a proposed value of USD 10 per token.<\/p>\n\n\n\n

4. Investors\u2014local, institutional, and diaspora\u2014purchase tokens through a compliant digital platform.<\/p>\n\n\n\n

5. Capital raised funds marine infrastructure: dry docks, rig repair yards, and offshore mooring systems.<\/p>\n\n\n\n

6. Revenues from dock fees, oil storage leases, and vessel conversion projects are distributed as automated<\/p>\n\n\n\n

token dividends.<\/p>\n\n\n\n

7. Tokens can be resold or redeemed, enhancing liquidity and secondary market access.<\/p>\n\n\n\n

Key Benefits for Sri Lanka<\/p>\n\n\n\n

Regulatory and Implementation Pathway<\/p>\n\n\n\n

The project will operate under the supervision of the Securities and Exchange Commission of Sri Lanka<\/p>\n\n\n\n

(SEC) and the Central Bank\u2019s regulatory sandbox for digital assets. The fund manager will be a licensed<\/p>\n\n\n\n

entity under the Unit Trust Code. All investor onboarding will comply with KYC\/AML standards. A local<\/p>\n\n\n\n

custodian bank and blockchain registry will jointly maintain records of ownership to ensure legal<\/p>\n\n\n\n

enforceability of tokenized shares.<\/p>\n\n\n\n

Simplified Fund Structure (Diagram Summary): Investor Wallets \u2192 Blockchain Registry (TMT Tokens) \u2192<\/p>\n\n\n\n

Fund SPV \u2192 Trincomalee Marine Industrial Project \u2192 Revenue Flow \u2192 Automated Dividends to Token<\/p>\n\n\n\n

Holders<\/p>\n\n\n\n

Benefit Description<\/p>\n\n\n\n

Mobilizes Capital Attracts USD 500 million+ from private and diaspora investors through fractional participation.<\/p>\n\n\n\n

Transparency Blockchain ledger ensures real-time visibility and auditability of fund transactions.<\/p>\n\n\n\n

Liquidity Tokenized structure allows flexible secondary trading, unlike traditional bonds.<\/p>\n\n\n\n

Foreign Investment Improves global investor confidence through digital access and SEC oversight.<\/p>\n\n\n\n

Reduced Debt Reliance Shifts infrastructure financing from external loans to equity-based participation.<\/p>\n\n\n\n

Next Steps for Consideration<\/p>\n\n\n\n

\u2022 Endorsement by Ministry of Industries and SEC for regulatory sandbox inclusion.<\/p>\n\n\n\n

\u2022 Formation of PPP Steering Committee for Fund establishment.<\/p>\n\n\n\n

\u2022 Appointment of licensed fund manager and blockchain technology partner.<\/p>\n\n\n\n

\u2022 Investor outreach program targeting diaspora and institutional partners.<\/p>\n\n\n\n

\u2022 Launch of TMT Fund Pilot Issue (USD 500 million equivalent).Prepared by Sarath Obeysekera \u2014 Concept Note for Policy Re<\/p>\n\n\n\n

Regards

Dr Sarath Obeysekera<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Dr Sarath Obeysekera Investor Briefing for Policy Consideration The Trincomalee Marine Industrial Hub Tokenized Fund (TMT Fund) is a pioneering initiative designed to mobilize private and diaspora capital for the development of Sri Lanka\u2019s proposed Marine Industrial and Offshore Repair Hub in Trincomalee. Using blockchain-based tokenization, the fund allows fractional investment and transparent participation in a Public\u2013Private Partnership […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[116],"tags":[],"class_list":["post-156884","post","type-post","status-publish","format-standard","hentry","category-dr-sarath-obeysekera"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/156884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=156884"}],"version-history":[{"count":1,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/156884\/revisions"}],"predecessor-version":[{"id":156885,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/156884\/revisions\/156885"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=156884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=156884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=156884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}