Indian agricultural warehousing and lending company Arya.ag is testing a system to tokenize warehouse receipts for stored grain on the Avalanche blockchain, working with Finternet. The platform is designed to give lenders a shared record showing what grain is stored, who owns it, whether it is already pledged as collateral and what debt is outstanding. Arya.ag stores approximately $2 billion in agricultural commodities across its warehouse network and supports about 120 billion Indian rupees (approximately $1.26 billion) in loans annually. Its lending arm Arya Dhan issues about $230 million in loans each year. No launch date or initial deployment size was disclosed.
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