Agrotoken is a grain-backed, transactional digital asset used to save or exchange for supplies, services, and other assets.
WHY WE INVESTED
Xperiment recognized the potential of Agrotoken’s unique approach to tokenizing commodities, specifically in the agribusiness industry. The team at Xperiment saw the value in using blockchain technology to improve the liquidity and accessibility of grains, making it easier for farmers to access financial products and services such as credit and insurance. Additionally, we believed that tokenization would bring transparency and traceability to the supply chain, helping to promote sustainable practices. Also we believed that the Agrotoken team, lead by Eduardo Novillo Astrada and Ariel Scaliter, had the experience and skills necessary to develop and launch the digital asset and grow the company. Xperiment invested in Agrotoken to be a part of this ambitious and impactful project in the agtech industry with potential to be a game changer in the market.
CEO & Co-Founder – Eduardo Novillo Astrada.
CTO & Co-Founder – Ariel Scaliter.
Agrotoken is a grain-backed, transactional digital asset used to save or exchange for supplies, services, and other assets. Agrotokens allow to carry out commercial and financial transactions with the direct support of the grains. Agrotoken creates a safe ecosystem to make trading grains easier, more efficient, and more reliable. Agrotoken is focused on tokenization of commodities, smart contracts, and digital economy solutions for Agribusiness.
The Inside Story
Agrotoken began as a vision of two entrepreneurs, Eduardo Novillo Astrada and Ariel Scaliter, who saw the potential of using blockchain technology to revolutionize the agribusiness industry. They understood the potential of stable coins and the challenges of the industry, the need for more efficient and reliable methods of trading grains.
Eduardo and Ariel began researching the potential of tokenizing commodities, and soon realized that the use of digital assets could greatly improve the liquidity and accessibility of grains, allowing farmers to access credit, insurance and other financial products more easily. They also saw that tokenization could improve transparency and traceability in the supply chain, helping to promote sustainable practices and reducing waste.
With their idea in hand, Eduardo and Ariel started reaching out to investors, but found it difficult to secure funding for such a novel concept. However, after meeting with Xperiment, they finally found a partner who understood the potential of their idea and was willing to invest. With Xperiment’s support, they were able to raise the biggest seed round in AgTech to date in Latin America, allowing them to build their team and develop the technology needed to launch their digital asset.
The Agrotoken team, lead by Eduardo and Ariel, quickly went to work building their platform, and within a short time, they had their first success – the first global VISA payment using 100% blockchain. This milestone helped to establish Agrotoken as a leader in the space.
Agrotoken has now successfully tokenized 200k tons of grains and have been accepted by over 200 merchants, and continued to partner with major player in agribusiness and financial industry.
But for Eduardo and Ariel, the real reward is seeing their vision come to life and making a positive impact on the industry. By tokenizing commodities and making grains more accessible, they are helping to improve the lives of farmers, promote sustainable practices, and contribute to the development of a more resilient and equitable food system.