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Fintech Farmway has secured a $100 million deal to encrypt Georgia's almond orchards.
Farmway Technologies, an American fintech company specializing in the encryption of agricultural assets, has signed a $100 million agreement with the Republic of Georgia to bring almond orchards onto the blockchain. The investment will be used for agricultural infrastructure, logistics, irrigation systems, and processing facilities for milk powder, oil, and almond extracts over an area of 500 hectares.
According to CEO Upmanyu Misra, Georgia's almond production is expected to increase from 2,500 tons in 2023 to 14,000 tons in 2027, placing the state among the top 20 largest producers in the world. Currently, Georgia has about 6,000 hectares of almond cultivation, with imports decreasing by 49% in 2024, while exports continue to rise.
Farmway will encrypt assets such as orchards, irrigation systems, and processing plants, with each token representing a share of ownership. The project is based on the ERC-20 and ERC-1155 standards, opening up a transparent, efficient, and global agricultural investment channel.