Indian agricultural warehousing and lending provider Arya.ag is running tests for a tokenization system that would turn electronic warehouse receipts for stored grain into transferable on-chain tokens. The pilot is built on a dedicated Avalanche layer-1 network and is designed to...
- Arya.ag is piloting a system on Avalanche to tokenize grain ownership records as electronic warehouse receipts, aiming to improve collateral assessment for lenders.
- The Finternet infrastructure will create a 'composite token' by aggregating data on farmers, commodities, warehouses, and insurance to help banks evaluate collateral risk.
- The pilot focuses on enhancing transparency for lenders regarding pledged assets and outstanding debt, while still relying on physical commodity verification.
Topics: Asset types, Blockchain usage, Infrastructure providers, Real assets, Non evm chains, Tokenization platforms
Tags: #aryaag #grain #avalanche #tokenization #warehousereceipts #collateral #lending #finternet #compositetoken #india