Farmway Technologies, a US-based fintech company specializing in tokenizing agricultural produce, has a $100 million contract with the Republic of Georgia and has the country’s almond orchard on its blockchain.
Farmway invests funds in agricultural infrastructure, processing, logistics and irrigation systems across the country. The deal spans 500 hectares (1,236 acres) and includes facilities that process almond milk powder, oils and extracts.
“Almonds represent one of Georgia’s fastest growing agricultural sectors. It rose from 2,500 tonnes in 2023 to a forecast output of 14,000 tonnes by 2027, placing the country among the top 20 producers in the world.”
The country reportedly had 6,000 hectares dedicated to almond cultivation in August 2023. Top almond producers in the country included Udavno, nut corporations and nut cultivators. Locally grown almonds fell 49% in 2024, but are increasingly being replaced by imports that continue to grow in exports, according to the Georgia Times.
The deal was based on a previous $20 million investment in Georgia’s almond industry, according to the farm, which served as a proof of concept.
The company tokenizes agricultural infrastructure, including orchards, irrigation systems and processing facilities. Each token represents a fractional share of an asset, and the blockchain records all activity.
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“Traditional climate finance is often slow and bottlenecked by multilateral institutions and donor cycles,” Misra said. “Tokenization transforms this dynamic change by creating a direct, cost-effective, investor-led pathway in agriculture and turning vast areas of land into investable, auditable climate assets.”
According to MISRA, utility tokens representing assets are based on the ERC-20 standard, which governs the creation of reliable tokens on Ethereum networks. Real-World Assets (RWA) Digital Securities are made up of the ERC-1155 standard. This allows for the creation and transfer of dependencies and unequipped tokens in a single transaction.
Founded in 2020, Farmway is said to be holding active RWA tokenization projects in seven countries, covering products ranging from coffee and cinnamon to lavender and ashwagandha. The company is converting its illiquid traditional asset classes into programmable, globally investable units.
RWA Commodity Token Market
According to RWA tokenization platform RWA.xyz, tokenization of products represents a small, growing portion of the RWA tokenization market.
The tokenized commodity market is currently valued at $2.5 billion, accounting for around 9% of the $27.8 billion RWA tokenization sector. It has expanded by 5.6% over the past 30 days.
According to Onchain data, the market is led by Paxos Gold (Paxg) and Tether Gold (Xaut).
A tokenized product market. sauce: rwa.xyz
Justedeen, a farm competitor based in Buenos Aires, has created tokenized funds, including soybean oil, soy bushels, cotton and corn. The four funds accounted for more than $500 million in market capitalization at the time of writing.
RWA tokenization is the process of acquiring real-world assets such as goods, stocks, and credits, expressed as blockchain tokens.
Advocates of RWA tokenization say the technology will increase accessibility and liquidity to traditional asset classes. As of June, the market had grown 260% in 2025, affecting a wide range of sectors like Defi.
