South Africa’s AgriDex Facilitates First Farmland Trade in Zambia on Solana

AgriDex, a real-world assets marketplace on Solana, executed the first-ever farmland trade valued at $165,000 on the Solana blockchain.

The procurement of the farmland, located in Zambia, signified the first of its kind. The proceeds from the sale were immediately transferred from the seller to Sustainable Agricultural Development in Mauritius via AgriDex’s digital settlement infrastructure. The settlement occurred on point with zero cost.

🇿🇲MILESTONE | @AgriDexPlatform, a South-African 🇿🇦 RWA Marketplace, Facilitates the First-Ever Farmland Trade in Zambia on @solana  

A contract denoting ownership of the land in #Zambia, valued at $165,000 was transferred, with settlement occurring instantly and at zero cost.… pic.twitter.com/ckMxfkUgEw

— BitKE (@BitcoinKE) March 28, 2025

Henry Duckworth, Co-founder and CEO of AgriDex, affirmed that the transaction happened instantly and at no cost and also emphasized the seamless advantages of blockchain in facilitating quicker and cheaper cross-border transfers over traditional bank transfers, which could take days before execution.

“For the first time, a contract of farmland has been traded and settled on the blockchain, setting a new standard for efficiency in the trading of agricultural real estate,”

Henry said.

In addition, the CEO mentioned that the company is preparing for another additional $2.6M in farmland deals.

“This is just the beginning of a much larger movement towards digitised agricultural finance as we progress to facilitate $2.6m worth of farmland transactions in the coming months.”

Setting up for @solana APEX here , and look at @cryptonews and see the below great news;

First On-Chain Farmland Deal Completed on Solana via @AgriDexPlatform for $165,000

• Transaction settled instantly in Zambia with zero fees, demonstrating blockchain's advantage over…

— henryduckworth (@henryduckw) March 28, 2025

Africa Deploys Real-world Assets for Economic Growth

This transaction follows the previous breakthrough AgriDex has had in previous on-chain agricultural trades, which includes the sale of olive oil, wine, coffee, and livestock. This transaction occurred between a South African farm and a London importer.

🇿🇦🇬🇧USE CASE | South African Real World Assets Platform, @AgriDexPlatform, Completes First On-Chain Coffee Trade, Exported from UK to South Africa

According to @tikitongacoffee, the transaction just cost 0.5% than the typical 5% – 7%https://t.co/9SsWD9p4zK @solana $AGRI $SOL pic.twitter.com/LqAe4TIKem

— BitKE (@BitcoinKE) December 30, 2024

AgriDex is determined to bring the $2.7 trillion agricultural market on-chain. The company believes that innovation is not fully employed in the farming industry.

Additionally, many agricultural businesses face slow transactions, high costs, and inefficient cross-border payments. However, Real-world Assets (RWA) platforms, like AgriDex, aim to eliminate the bottleneck in agriculture.

AgriDex is empowering small farmers to break free from the barriers of financial exclusion. 🌾💪

For too long, bankless farmers have been denied credit, unable to grow their businesses or escape the cycle of poverty—simply because they lack a ‘transaction history.’

With…

— AgriDex (@AgriDexPlatform) December 12, 2024

Real-World Assets Value to Reach $16 Trillion by 2030

In the wake of the growing adoption of RWAs, Forbes recently reported that the asset tokenization market is set for growth as more financial institutions, including small financial startups and large traditional banks, embrace it. 

It stated that, according to research from Boston Consulting Group, the market for tokenized assets could reach $16 trillion by 2030, accounting for 10% of global GDP.

The report further stated that the Bank of International Settlements (BIS), in collaboration with seven central banks (from France, Japan, South Korea, Mexico, Switzerland, the U.K., and the U.S.), created Project Agora to tokenize cross-border payments for speedy and cost-effective transactions.