Brazilian farmers tokenized dairy cows to get loans, bypassing bank lending limits
Smart collars monitor herd health in real time to prevent fraud, allowing local agricultural businesses to secure thousands in funding backed by livestock.
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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.
- The project, led by agtech firm Cowmed, uses AI-powered tracking collars to create encrypted digital identities for each cow, preventing double-pledging and enabling cows to serve as movable collateral.
- Cowmed, which already monitors about 100,000 cows worth more than $395 million, expects up to 20% of its network to adopt this tokenized financing model, potentially unlocking $77.6 million in new agricultural credit as part of a broader push into real-world asset tokenization.
