Fintech Farmway strikes $100M deal to tokenize Georgia’s almond orchards
Farmway’s deal will build on a previous investment in Georgia’s almond orchards, adding 100 hectares and tokenizing infrastructure, according to the company.
Farmway Technologies, a US-based fintech company specializing in tokenizing agricultural products, has reached a $100 million deal with the Republic of Georgia to put the country’s almond orchards on the blockchain.
Farmway will invest the funds in farming infrastructure, processing, logistics and irrigation systems across the country. The deal spans 500 hectares (1,236 acres) and includes facilities to process almond milk powder, oil and extracts.
“Almonds represent one of Georgia’s fastest-growing agricultural sectors — rising from 2,500 tonnes in 2023 to a projected output of 14,000 tonnes by 2027, placing the country among the world’s top 20 producers,” Farmway CEO Upmanyu Misra told Cointelegraph.