Ten tokenized dairy cows backed a $19,600 loan registered on Brazil’s B3, in one of Brazil’s first uses of tokenized livestock as loan collateral.
Brazil’s B3 stock exchange has reportedly found a new use for dairy cows by backing a loan with tokenized cattle.
The transaction involved a loan of 100,000 Brazilian reais ($19,600) secured by 10 dairy cows from Fazenda Engenho Velho in the southern Brazilian state of Paraná, valued at about 120,000 Brazilian reais ($23,500). The deal was structured by Brazilian investment fund Target FIDC, according to CNN Brasil.
Each cow received a unique digital token linked to an encrypted digital identity, while AI-powered smart collars from agriculture tech company Cowmed monitor each animal’s health, reducing the need for physical inspections.
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