Farmway’s deal will build on a previous investment in Georgia’s almond orchards, adding 100 hectares and tokenizing infrastructure, according to the company.
Farmway Technologies, a US-based fintech company specializing in tokenizing agricultural products, has reached a $100 million deal with the Republic of Georgia to put the country’s almond orchards on the blockchain.
Farmway will invest the funds in farming infrastructure, processing, logistics and irrigation systems across the country. The deal spans 500 hectares (1,236 acres) and includes facilities to process almond milk powder, oil and extracts.
“Almonds represent one of Georgia’s fastest-growing agricultural sectors — rising from 2,500 tonnes in 2023 to a projected output of 14,000 tonnes by 2027, placing the country among the world’s top 20 producers,” Farmway CEO Upmanyu Misra told Cointelegraph.
The country reportedly had 6,000 hectares dedicated to almond cultivation in August 2023. Some of the top almond producers in the country included Udabno, Nuts Incorporated, and Nuts Cultivation Company. According to the Georgia Times, locally grown almonds are increasingly replacing imports, which fell 49% in 2024, while exports continued to rise.
The deal builds on a previous $20 million investment in Georgia’s almond industry, which served as a proof of concept, according to Farmway.
The company will tokenize agricultural infrastructure, including the orchards, irrigation systems and processing facilities. Each token will represent a fractional stake in an asset, and the blockchain will record all activity.
“Traditional climate finance is often slow-moving, bottlenecked in multilateral institutions and donor cycles,” Misra said. “Tokenization changes this dynamic by creating direct, cost-efficient, investor-driven pathways into agriculture, turning vast areas of land into investable, auditable climate assets.”
According to Misra, utility tokens representing assets are based on ERC-20 standards, which govern the creation of fungible tokens on the Ethereum network. Real-world asset (RWA) digital securities will be structured around ERC-1155 standards, which allow for creating and transferring fungible and non-fungible tokens in a single transaction.
Founded in 2020, Farmway is said to have active RWA tokenization projects in seven countries covering commodities ranging from coffee and cinnamon to lavender and ashwagandha. The company transform illiquid, traditional asset classes into programmable, globally investable units.
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According to RWA tokenization platform RWA.xyz, tokenization of commodities represents a small but growing portion of the RWA tokenization market.
The tokenized commodity market is currently valued at $2.5 billion, making up about 9% of the $27.8 billion RWA tokenization sector. It has expanded 5.6% over the past 30 days.
The market is led by Paxos Gold (PAXG) and Tether Gold (XAUT), both offering tokenized gold, with precious metals and agricultural products emerging as the dominant commodities, according to onchain data.
Justoken, a Farmway competitor based in Buenos Aires, has created tokenized funds for soybean oil, soybean bushels, cotton and corn, among other commodities. The four funds account for more than $500 million in market cap at this writing.
RWA tokenization is the process of taking real-world assets like commodities, stocks and credit to be represented as tokens on a blockchain.
Proponents of RWA tokenization say the technology will increase accessibility to and liquidity for traditional asset classes. As of June, the market had grown 260% in 2025, impacting far-ranging sectors like DeFi.
