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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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FUNDING | South African Agricultural Real World Assets Solana Marketplace, AgriDex, Raises Over $9 Million
AgriDex, a South African Solana-based marketplace for real-world assets (RWA), has secured $9 million in a funding round led by:
with participation from:
and angel investors affiliated with:
AgriDex facilitates on-chain agricultural trades, handling transactions for commodities like wine, coffee, olive oil, and livestock, including royal animals from Gatcombe Park. The platform provides instant settlements, charges transaction fees below 0.5%, and documents transactions using non-fungible tokens (NFTs).
According to AgriDex, it is aiming to capture a $4.5 billion market in agricultural turnover. Its partners and clients include:
AgriDex also collaborates with key ecosystem players such as:
According to AgriDex, the project is expected to generate $133 million in profit by the end of 2028 as it disrupts traditional agricultural trade systems, creating a new era of efficiency and fairness in the global food supply chain.
In July 2024, as reported by BitKE, AgriDex successfully completed its first on-chain private transaction, facilitating the shipment of over 200 bottles of extra virgin olive oil and multiple cases of wine from a farm and vineyards in South Africa to London.