Tokenization in the Agricultural Sector: ERC-3643 opens paths to financial inclusion
Diário Agrícola
Jan 26, 2024
Revolutionary solution allows small and medium-sized farmers, often excluded from conventional credit channels, to access financing in a reliable and regulated manner.
The arrival of ERC-3643, a new smart contract standard, presents an unprecedented opportunity for small and medium-sized agricultural businesses, traditionally on the margins of conventional credit channels. It emerges as a revolutionary solution by allowing agricultural assets to be represented digitally, changing how farmers obtain capital and how investors participate in these opportunities. “In the agricultural sector, it has the potential to drive a new era of financial inclusion, sustainability, and growth, redefining how we value and invest in this vital sphere of our globalized economy,” says Tiago Piassum, founder and CEO of Rivool Finance, a fintech focused on the private credit market in the Brazilian agricultural sector.