Farmway Technologies, a US-based fintech firm, has secured a $100 million agreement with the Republic of Georgia to tokenize the country's almond orchards on the blockchain. This initiative builds on a prior $20 million investment, expanding operations to encompass 500 hectares for farming infrastructure, processing, logistics, and irrigation systems. Almond production in Georgia is projected to surge from 2,500 tonnes in 2023 to 14,000 tonnes by 2027, potentially positioning the country among the top 20 global producers. The tokenization plan includes various agricultural assets where each token will represent a fractional stake, recorded on the blockchain. CEO Upmanyu Misra highlighted that tokenization offers a more direct and cost-efficient investment pathway into agriculture, moving away from traditional finance bottlenecks. Farmway's tokens will utilize ERC-20 and ERC-1155 standards, facilitating the creation and transfer of both fungible and non-fungible tokens. Founded in 2020, Farmway has ongoing projects in seven countries, focusing on transforming traditional assets into programmable, investable units.

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