Thread by @WKahneman

Portfolio: #Ripple now lists Oceanus as a partner on their landing page. Announced as an ODL partner in November, who is Oceanus and why would they use an #XRP using product? (Starts slow but gets very interesting towards the end..)
🧵 in, uh, a few..

2. Let's get this out of the way upfront - the preceding pic is from their '22 Annual Report, as is most of this info. They went nuts with the "Ripple" theme, but they are an aquafarm co, so not a #Ripple advert 😅
links.sgx.com/FileOpen/Ocean…

3. They are a small global foodtech co, listed on the SGX, established, known for aquaculture; farming, processing, packaging, & distribution of seafood products. #Ripple announced a number of these xborder food trade co's as ODL users. For instance:

https://twitter.com/WKahneman/status/1629784507468611584

4. 2022 was a big year for Oceanus. First, sales rose dramatically (~$85m, +63%) but so did costs given FX challenges, among others. They lost $ expanding as infra grew and their product line expanded - largely meat shipped to China. sg.finance.yahoo.com/finance/news/o…

5. But the big news for #Ripple is an all-in tech effort launching Oceanus Digital Network (ODIN) “synergizing the capabilities of ... subsidiaries on 1 platform,...a managed marketplace solution helps sellers alleviate struggles, by eliminating x-border trading friction & risk.

6. #Ripple isn’t mentioned directly, but ODIN relies on a further innovation, ODIN Pay. The description makes it obvious this is where #ODL is in play, especially given the Line of Credit capabilities.

7. At first, this platform is available to Oceanus subsidiaries, seen here. Notice the various currencies and locations represented; AUS, RMB, TWD, SGP, etc. ODL will be in use here and offering LOC to buyers across borders. So they’ve made Ripple’s front page. (source: Google)

8. And this is where Oceanus gets weird - AP 360 marketing, Resolute Communications, Capy Comm? It turns out that besides fish, Oceanus has significant arm of media/marketing co's, a media group featuring tech-forward Resolute.

9. They’ve leaned into VR (~2020, a clear response to in person restrictions) and done HP showcases. Here they mention products -and check out the B2B digital exchange in the corner! A “blockchain core”! Is it an early version of ODIN Pay, or more?
resolutecomms.com/oceanusreality…

10. And now their tech initiatives include Immersive Media Solutions, seeking to be Asia's leading VR provider. You just know these guys walk around the office nodding and muttering "metaverse" to each other!
oceanus.com.sg/thetechup/

11. They're also building Shopfront.Club , a D2C platform to "create a seamless shopping experience for customers w/out the upfront capital costs of owning inventory". It sounds like #Ripple's ODL could work here, too?
oceanus.com.sg/thetechup/

12. So there is a real question if the marketing/VR arms of Oceanus will find synergy with ODIN Pay or #Ripple, in general. Honestly, it's kind of wild, from aquaculture to VR marketing.

13. (Also, I apologize for using the word "synergy.")

14. TL:DR?
- #Ripple is advertising Oceanus Group’s ODL use.
- They use ODL in a x-border trade payment platform benefitting from the LOC Ripple offers.
- Further, the group has an interesting tech focus that could lead to more integrations, though there is no sign of this now.

15. Monday approaches.
/The end.