According to ChainCatcher news, reported by CryptoPotato, Cardano has partnered with Atómico 3, Zengate, and Alto Grande to launch what is allegedly the world's first lithium tokenization project in Argentina, with plans to roll it out in the first quarter of 2025.
The project will utilize Cardano's blockchain technology to convert lithium ownership into digital tokens, allowing investors to trade partial shares of the mineral without the need to physically handle or own it. This process aims to democratize resource acquisition through secure and immutable blockchain transactions, enhance liquidity, and facilitate international trade.
Argentina has the largest lithium reserves in the world, most of which are concentrated in Catamarca, Salta, and Jujuy. This metal is not only the cornerstone of electric vehicle (EV) batteries and renewable energy storage, but it is also crucial for the global transition to clean energy. Some analysts estimate that driven by the ever-increasing global demand, the value of the electric vehicle industry alone could reach $1.3 trillion in the next three years.
