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Solana-Based Marketplace AgriDex Raises $5M to Tokenize Agricultural Industry

AgriDex, a Solana-based tokenization platform, said it raised $5 million to bring agricultural commodities on-chain. The pre-seed funding round included investments from Endeavour Ventures, sub-Sarahan African agricultural group African Crops and South African vineyard group Oldenburg Vineyards, the company said by email on Thursday. AgriDex allows various crops to be bought on its marketplace. When finalized, deals are then secured by minting a non-fungible token (NFT) recording the key transaction details. The tokenization of real-world assets (RWAs) is an area of the crypto industry that has been gathering momentum in recent months.

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