CoinWorld news, the physical asset (RWA) platform Agridex based on Solana has completed its first on-chain coffee transaction. Agridex stated that this initiative may open the door to more cost-effective agricultural commodity trading. The transaction was executed by the UK-based coffee brand Tiki Tonga Coffee, which exports high-quality coffee from the UK to South Africa. Payment was made in South African Rand and settled in pounds through the Agridex blockchain. Tiki Tonga stated that the transaction fee for this deal was only 0.5%, significantly lower than the typical fees of 5% to 7% in cross-border agricultural commodity transactions. Moreover, the settlement was completed instantly, whereas traditional systems usually require processing times of five to twelve days. Tiki Tonga founder Brad Barritt said, “We not only significantly saved on transaction fees but also alleviated the cognitive burden of managing documentation and compliance.” In addition to coffee, the Agridex platform also offers instant settlement for various agricultural commodities, including livestock, wine, and olive oil. The company stated that the pending transaction volume from agricultural partners has reached $4.5 billion. Previously, the Agridex platform raised $9 million, with major investors including Citadel, Goldman Sachs, and Palantir.