Africa-Focused Solana RWA Marketplace, AgriDex, Officially Launches $AGRI Token, Gets Listed on South Africa’s @VALRdotcom Crypto Exchange

Tiki Tonga Coffee, a UK-based coffee brand, has become the first company to carry out an on-chain coffee trade, thanks to a partnership with AgriDex, a Solana-based real-world asset (RWA) platform.

The transaction saw Tiki Tonga export premium coffee to South Africa, with the payment being made in South African Rand (ZAR) and settled in British pounds (GBP) via the AgriDex blockchain.

According to Tiki Tonga, the transaction incurred a minimal fee of just 0.5%, far less than the typical 5% – 7% charged for cross-border agricultural trades. Additionally, settlement was instantaneous, in contrast to the usual 5 to 12-day delays associated with traditional systems.

“Not only have we saved significantly on transaction fees, but the cognitive burden of managing documentation and compliance has been lifted,” said Tiki Tonga, Founder Brad Barritt, on the X platform.

This week we announced the first-ever coffee trade on Solana with Tiki Tonga Coffee

Here’s their founder, Rugby legend @bradbarritt talking about how AgriDex:

1⃣ Saved them money on transaction fees 2⃣ Reduced the cognitive burden on his team 3⃣ Made a normally long and complex… pic.twitter.com/Nilv493AIj

— AgriDex (@AgriDexPlatform) December 28, 2024

AgriDex, which launched its native token ($AGRI) in December 2024, is aiming to bring the global agricultural market on-chain by tokenizing various crops.

The platform currently supports instant settlements for coffee, livestock, wine, and olive oil, among other agricultural commodities. AgriDex also has $4.5 billion in pending transactions from its agricultural partners.

Having recently announced the launch of its native token $AGRI, AgriDex aims to bring the global agricultural market on-chain by tokenizing various crops.

LAUNCH | Africa-Focussed Solana RWA Marketplace, @AgriDexPlatform, Officially Launches $AGRI Token, Gets Listed on South Africa’s @VALRdotcom Crypto Exchange

In July 2024, AgriDex successfully completed its first on-chain private transactionhttps://t.co/lGugwjElMe pic.twitter.com/qvsShMYYD5

— BitKE (@BitcoinKE) December 5, 2024

According to a demo video shared on its website, AgriDex allows agricultural trades to be listed, executed, and tracked entirely within the platform. Transactions are secured with NFTs that store the details of each deal.

When finalized, deals are then secured by minting a non-fungible token (NFT) recording the key transaction details. The Solana-based marketplace is also fresh off of a $9 million capital raise in a funding round led by and angel investors from, and including.

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