TechFlow news, November 14 — According to CoinDesk, Agrotoken, an infrastructure platform for agricultural commodity tokenization, announced plans to launch on Polkadot to enable seamless tokenization of agricultural products. Previously, Agrotoken announced the completion of its Pre-A funding round led by Visa.
According to the team: "Backed by Visa, Agrotoken will establish a Polkadot parachain to tokenize soybeans, corn, and wheat. Agrotoken issues stablecoins backed by grains and food commodities, with each token reflecting the market price of its corresponding commodity (soybean, corn, or wheat). This way, farmers, businesses, and financial institutions can easily trade, save, invest, and transact with Agrotoken at any Visa point-of-sale."
