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.
Japan's stablecoin adoption is accelerating after AZ-COM Maruwa Holdings, the logistics company responsible for much of Amazon…
Three men have been sentenced to prison in the United Kingdom after orchestrating a sophisticated…
Canadian rap superstar Drake has placed a $1.5 million bet in Tether (USDT) on Argentina to defeat Spain in the 2026 FIFA World Cup…
Galaxy Digital is bringing crypto and AI deeper into mainstream sports after signing a 15-year naming rights…
NOXA, the launchpad responsible for approximately 75% of all token deployments on Robinhood Chain, has abruptly…
Loaded Lions, the flagship NFT collection and Web3 entertainment brand developed by Crypto.com, has opened pre-registration for Mane City…