Ten tokenized dairy cows backed a $19,600 mortgage registered on Brazil’s B3, in one among Brazil’s first makes use of of tokenized livestock as mortgage collateral.
Brazil’s B3 inventory alternate has reportedly discovered a brand new use for dairy cows by backing a mortgage with tokenized cattle.
The transaction concerned a mortgage of 100,000 Brazilian reais ($19,600) secured by 10 dairy cows from Fazenda Engenho Velho within the southern Brazilian state of Paraná, valued at about 120,000 Brazilian reais ($23,500). The deal was structured by Brazilian funding fund Goal FIDC, in line with CNN Brasil.
Every cow obtained a novel digital token linked to an encrypted digital id, whereas AI-powered sensible collars from agriculture tech firm Cowmed monitor every animal’s well being, decreasing the necessity for bodily inspections.
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