Agrotoken and Tanssi Partner to Revolutionize South American Agro-Finance on Polkadot, Reports Chainwire

Tortola, British Virgin Islands, July 9th, 2024

The appchain infrastructure protocol, Tanssi, has announced a strategic partnership with Agrotoken, a pioneer in the tokenization of agricultural commodities. This collaboration aims to create an agro-finance solution tailored for the South American market, with a primary focus on Brazil and Argentina.

Agrotoken plans to utilize Tanssi’s specialized appchain technology to devise a blockchain solution for collateralizing loans using tokenized grains. This initiative involves intricate processes to track grain valuations, loan conditions, ownership transfers, and repayment schedules—tasks that a standard blockchain may struggle to manage efficiently. With its dedicated appchain, Agrotoken can seamlessly digitize agricultural commodities and oversee their lifecycle.

Agrotoken operates in several key agricultural markets, where agribusiness constitutes a considerable portion of the GDP: Brazil (22%), Argentina (6.6%), and the United States (5.5%). Given the market’s size and intricacy, Agrotoken requires a strong, dependable, and scalable infrastructure, all of which are provided by appchains.

Ariel Scaliter, CTO and co-founder of Agrotoken, expressed enthusiasm about the partnership, stating, “We are very excited to start working with Tanssi due to their scalable infrastructure built with Polkadot and the ease of implementation. This collaboration will enable us to accelerate the exploration of natural resource tokenization with greater speed and flexibility.”

So far, Agrotoken has tokenized $70 million worth of cereals, equivalent to approximately 230,000 tons of soybeans, corn, and wheat. As Agrotoken’s operations expand, support from Tanssi will facilitate its growth while ensuring optimal performance. Tanssi will provide Agrotoken with essential infrastructure tools, allowing the appchain to be launched efficiently and supporting block production alongside critical integrations such as oracles and wallets.

This partnership marks the first agricultural use case to be developed within the Tanssi ecosystem, which is based on Polkadot’s Substrate framework. The deployment of Agrotoken’s appchain on Dancebox, Tanssi’s testnet, has already begun, with plans for a launch on Tanssi’s mainnet later this year.

About Tanssi Network

Tanssi’s appchain infrastructure protocol aims to simplify and expedite the deployment of appchains. Integrating with Tanssi transforms a chain into a modular appchain, providing developers with a user-friendly and permissionless environment equipped with all essential components for seamless chain operations. Notable features include a decentralized network of block producers, which guarantees security and data retrieval, along with effortless integrations with necessary tools such as bridges, wallets, block explorers, RPC endpoints, indexers, and oracles.

About Agrotoken

Agrotoken is the first global infrastructure for tokenizing real-world assets, utilizing blockchain technology to enhance the management and trading of tangible assets while promoting efficiency and transparency within the agricultural sector. Established in Argentina in 2020, the company focuses on two main business areas: Agrotoken.platform, the first global digitalization platform for commodities, and Agrotoken.labs, which develops solutions tailored to the unique requirements of each agricultural client.

For further information, please contact:

Katherine Quilca Barcelli
CMO, Moondance Labs
Email: [email protected]