Farmway Technologies has secured a $100 million agreement with the Republic of Georgia to tokenize the country's almond orchards. This initiative builds upon a previous $20 million investment aimed at creating agricultural infrastructure, processing, logistics, and irrigation systems across 500 hectares (1,236 acres). Georgia's almond production is forecasted to rise from 2,500 tonnes in 2023 to 14,000 tonnes by 2027, positioning it among the top 20 producers globally. The company plans to tokenize farming assets, enabling direct investor access and creating liquid, auditable climate assets. Tokens will be based on Ethereum's ERC-20 and ERC-1155 standards, facilitating the trading of various asset types. As of August 2023, Georgia had 6,000 hectares dedicated to almond cultivation, with the local almond sector increasingly replacing imports. The move aims to enhance financing in agriculture by bypassing traditional bottlenecks. Farmway, founded in 2020, is engaged in similar projects across seven countries, tokenizing diverse agricultural commodities, emphasizing the growing potential of tokenization in the agriculture sector.

Source 🔗