AgriDex, a Solana-based tokenization platform, said it raised $5 million to bring agricultural commodities on-chain. The pre-seed funding round included investments from Endeavour Ventures, sub-Sarahan African agricultural group African Crops and South African vineyard group Oldenburg Vineyards, the company said by email on Thursday.
AgriDex allows various crops to be bought on its marketplace. When finalized, deals are then secured by minting a non-fungible token (NFT) recording the key transaction details.
Tokenization of RWAs has generally been more focused on assets such as stocks, bonds and metal commodities like gold. AgriDex is attempting to extend this narrative into the $2.7 trillion global agricultural industry.
S&P Global has agreed to acquire smart contract security company OpenZeppelin, bringing one of blockchain’s…
Less than 24 hours after the CLARITY Act failed to clear its Senate procedural hurdle,…
Circle has officially launched the public mainnet of Arc, its new Layer 1 blockchain built…
U.S. lawmakers have advanced legislation that would turn President Donald Trump’s Strategic Bitcoin Reserve from…
Pixelmon is officially ending game development and laying off its gaming team after an external…
The CLARITY Act suffered a major setback in the U.S. Senate after lawmakers failed to…