Struggling farmers unlock $20,000 in credit by putting cows on the blockchain

CoinDesk Staff

(01:03 PM UTC)

1 min read

Brazilian Agtech firm Cowmed tokenized 10 dairy cows, proving that putting real-world assets onchain is a great way to bring liquidity to businesses facing challenges getting banks to loan them money. (Annie Spratt/Unsplash)

Summary

Farmers in Paraná, Brazil, have tokenized 10 dairy cows on the B3 stock exchange, raising nearly $20,000 in credit backed by their livestock amid tighter bank lending.
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COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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