Brazil’s B3 stock exchange has granted a loan of 100,000 Brazilian reais ($19,600) backed by 10 tokenized dairy cows, in one of Brazil’s first uses of tokenized livestock as loan collateral. The 10 cows, from Fazenda Engenho Velho in the southern state of Paraná, were valued at 120,000 Brazilian reais ($23,500). Each animal has a unique digital token linked to an encrypted digital identity, while AI-powered smart collars from Cowmed monitor each animal’s health, reducing the need for physical inspections. The transaction introduces a new way for livestock farmers to expand their access to credit by using cattle as collateral. Cowmed currently monitors around 100,000 dairy cows across 1,000 Brazilian farms.
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