Agrotoken Revolutionizes Natural Resource Commodities with Polygon-Powered Tokenization
Agrotoken has announced a new collaboration with Polygon to transform agribusiness by tokenizing agricultural commodities.
Agrotoken selected Polygon for its scalability, which will allow it to offer commercial and business opportunities for its users in agribusiness.
Tokenization is often looked at as a blockchain application for the financial sector, where real-world assets are tokenized to unlock liquidity. However, it spans every sector and several companies are proving that tokenization can open up new opportunities and business models in day-to-day lives. Agrotoken is unlocking the potential of tokenization in agribusiness, and it has now partnered with Polygon to expand its presence.
Agrotoken is a tech company that blends agriculture and technology. It built the world’s first infrastructure for agricultural commodities tokenization. It transforms agricultural products like grains into tokens that can be easily exchanged for fiat, other goods, or assets for farmers who require efficient financial support.
The company has already facilitated $70 million in transactions, tokenizing three grains: cora, soya, and wheat. It boasts of over 1,000 farmers, 40+ grain holders, and over 250 merchants. Collectively, these ecosystem users have tokenized over 230,000 tons of grains.
By partnering with Polygon, Agrotoken will not offer greater transparency and efficiency with its cost-effective tokenization solutions. With sustainability now a big focus for companies globally, Agrotoken also focuses “to create products that promote best practices for agribusiness and pave the way for a more sustainable industry.”
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