Cryptocurrencies
Crop-Trading Blockchain Startup Pilots Token for Grain Deals
- 30,000 tons of Mexican white corn is backing tradable token
- Cerealia’s next step is to launch grain-token trading platform
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A Swiss crop-trading blockchain startup has piloted the use of technology that will allow grain to be traded using virtual tokens.
Cerealia SA created a non-fungible token backed by 30,000 metric tons of Mexican white corn, according to Filipe Pohlmann Gonzaga, chief operating officer of the Pully, Switzerland-based company. The token was issued by Mercanta for grain stored at the Triple T terminal, both owned by Mexico’s Grupo Ceres.