CoinVoice has learned that, according to The Block, the tokenization platform AgriDex based on Solana has completed a $4 million strategic round of financing, led by Portal Ventures, with participation from Endeavour Ventures, Hawkwood Capital, HU Investments, FS Ventures, and Sycamore Gap Management Ltd. Company. Angel investors such as Tobechi Bolanle Taiwo from Palantir and Anna Yuan from Perena also participated in this round of financing. Previously, AgriDex completed a $5 million pre-seed round, bringing its total funding to $9 million.
With new funding support, AgriDex plans to tokenize and process $4.5 billion in unfinished trade commitments from partners such as Future Farms, Oldenburg, and Parrogate Group. The platform also plans to expand its coverage to tokenize commodities such as West African cocoa and Eastern European wheat.
According to another report, the Web3 asset data platform RootData shows that Agridex is an RWA market based on Solana, reshaping the global agricultural industry. It provides participants in the agricultural sector with a transparent, integrated market, with its own internal economy. Utilizing on-chain fiat, smart contracts, and participant reviews, AgriDex offers fully compliant and streamlined solutions for agricultural supply chain management. [Original link]
