Solana agricultural tokenization platform AgriDex has been favored by institutions such as Goldman Sachs, targeting a 4.5 billion euro agricultural trading

AgriDex, a Solana platform that focuses on tokenization of agricultural products, has raised $9 million in funding this year and completed the first blockchain-based agricultural product transaction on Solana. AgriDex focuses on tokenization of agricultural products such as sugar, grains, and wine, aiming to achieve supply chain transparency and improve transaction efficiency.

AgriDex, a tokenization platform for agricultural products, has successfully completed its first agricultural product transaction on Solana.

AgriDex is an agricultural product tokenization platform based on Solana, focusing on the tokenization of sugar, grains, olive oil and other agricultural products, which can circulate in the global market. Each transaction is recorded through NFT, including product price, components, expiration date, payment and logistics information, ensuring transparent and tamper-proof transactions.

AgriDex's services are not limited to farmers and consumers, but also provide efficient supply chain solutions for governments and investors. According to AgriDex CEO Henry Duckworth, AgriDex will save tens of billions of dollars for relevant companies each year in the future. Currently, AgriDex has more than 20 team members and plans to recruit more professionals in the future.

AgriDex has also completed the first agricultural product tokenization transaction on Solana, facilitating the cross-border transportation of more than 200 bottles of olive oil from South Africa and several boxes of wine, and completing the payment in a few seconds, with a fee of about $6.45.

Endorsed by multiple institutions, aiming for a $4.5 billion agricultural product transaction

AgriDex completed two rounds of fundraising this year, raising a total of 9 million US dollars. Among them, the UK venture capital company Endeavour Ventures, African agricultural products company African Crops Limited, and former Goldman Sachs technical director Hank Oberoi participated in the fundraising together.

These funds will be primarily used for the technology development and business expansion of AgriDex, as well as the tokenization transactions of agricultural products worth a total of $4.5 billion. In the future, agricultural products such as West African cocoa beans and Eastern European wheat will also be added. AgriDex has already facilitated multiple transactions of agricultural products, such as wine, olive oil, coffee, and royal cattle from the UK.

$AGRI Tokenization Future Plan

AgriDex has launched its platform token $AGRI in the third quarter of this year and will use the token to incentivize users to increase trading volume, community participation, and platform interaction. At the same time, AgriDex also offers 50 million $AGRI tokens as part of an airdrop program, which will be distributed in the future.

To stabilize the token price, AgriDex also uses 50% of its platform profit for token buyback and burn. It is expected to generate a revenue of $1.93 million in 2025 and exceed $23.3 million in 2026. The current total market capitalization of $AGRI is $8.3 million.

AgriDex platform currency $AGRI currently has a total market value of 830 million US dollars

(Currency Security Research: Overview of the RWA development landscape, understanding the technical risks and limitations of asset tokenization)

This article Solana agricultural tokenization platform AgriDex has been favored by institutions such as Goldman Sachs, targeting a 45 billion MEF agricultural product transaction, first appeared in Chain News ABMedia.