● Covered by 1 source · 1 reportMedium impact1 neutral
Brazilian Farmers Tokenize Dairy Cows for Loans on B3 Stock Exchange
Key points
- Farmers tokenized 10 dairy cows on Brazil's B3 stock exchange.
- The tokenization secured nearly $20,000 in credit.
- Cowmed's AI collars monitor cows to prevent double-pledging.
- This allows livestock to be used as movable collateral for loans.
Livestock Tokenization for Agricultural Credit
Farmers in Paraná, Brazil, have tokenized 10 dairy cows on the B3 stock exchange, raising nearly $20,000 in credit. This marks the first instance of livestock tokenization on a national stock exchange, providing an alternative financing method for agricultural businesses facing stricter bank lending limits.
Technology Behind the Tokenization
The project is spearheaded by agtech firm Cowmed, which utilizes AI-powered tracking collars to create encrypted digital identities for each cow. These collars continuously monitor the animals' health, behavior, and location, converting raw data into an encrypted digital identity linked to the B3 credit agreement. This system prevents issues like double-pledging and enables cows to function as verifiable movable collateral.
Addressing Lending Restrictions
This tokenization model offers a new avenue for collateral at a time when agribusiness faces significant credit restrictions. By digitizing a tangible asset like a cow, it can be formally registered with B3, simplifying the financing process for producers. Cowmed, which currently monitors approximately 100,000 cows, anticipates that up to 20% of its network could adopt this model, potentially unlocking $77.6 million in new agricultural credit.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Farmers in Paraná, Brazil, tokenized 10 dairy cows on the B3 stock exchange, securing nearly $20,000 in credit. This initiative, led by agtech firm Cowmed, uses AI-powered collars to monitor the cows, preventing fraud and allowing livestock to serve as movable collateral for loans, bypassing traditional bank lending limits.