Power catamaran builder SilverCAT has completed its first cryptocurrency-backed sale in Europe, highlighting a shift in how the marine industry is approaching digital transactions. The boat, a SilverCAT 34CC, was purchased using USDT (a stablecoin pegged to the US dollar), marking the company’s debut crypto transaction on the continent.
Craig Rodgers, operations manager at SilverCAT, says the move is part of a broader strategy to future-proof the business. “With our first sale in cryptocurrency, the opening of a new production facility, and growing demand across the Gulf, Caribbean, and Europe, SilverCAT is not just expanding – we’re reshaping how the world experiences catamarans.”
The use of cryptocurrency in high-value asset sales, particularly in sectors like real estate and automotive, has slowly gained ground. But in the marine industry, MIN believes it’s still uncommon.
SilverCAT’s adoption of USDT not only adds flexibility for buyers, particularly international clients, but also points to broader acceptance of decentralised finance models in traditional sectors.
The vessel sold — the SilverCAT 34CC — is described as a versatile offshore boat that caters to both fishing and leisure markets. Known for its stability due to its twin-hull design and a spacious centre-console layout, the 34CC is said to be a popular model in the brand’s range.
The sale comes just weeks after Gulf Craft, SilverCAT’s parent group, formally announced it would begin accepting cryptocurrency as a payment method. It also coincides with news from the Cannes Yachting Festival 2025, where the group revealed plans for a new SilverCAT factory under construction in the UAE. The facility is expected to boost production capacity and support further innovation in the catamaran line.
SilverCAT is part of Gulf Craft’s broader portfolio, which includes a range of superyachts and leisure vessels. With over 40 years of boat-building experience, the group continues to expand its global footprint while offering tailored solutions to changing customer behaviours.
Camper and Nicholsons and Borrow-a-Boat both started accepting cryptocurrencies in 2022, following in the footsteps of Ocean Independence, Helm, TwinVee and Greenline.
The post SilverCAT embraces crypto for first European sale appeared first on Marine Industry News.
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