Blockchain investment targets 500 hectares and processing facilities
US-based fintech firm Farmway Technologies has finalized a $100 million agreement with the Republic of Georgia to expand and tokenize the country’s almond industry.
Expanding Georgia’s almond sector
The deal covers 500 hectares of almond orchards, along with new farming infrastructure, irrigation systems, and processing facilities. Farmway said the investment will also fund logistics and production of almond-based products such as 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 14,000 tonnes by 2027, placing the country among the world’s top 20 producers,” Farmway CEO Upmanyu Misra said.
Georgia already has around 6,000 hectares dedicated to almond cultivation. Local players such as Udabno, Nuts Incorporated, and Nuts Cultivation Company have helped reduce imports — which dropped 49% in 2024 — while exports have continued to climb.
Tokenization of agricultural infrastructure
Farmway plans to tokenize orchards, irrigation systems, and processing facilities, giving investors fractional digital stakes in physical assets. All transactions will be recorded on the blockchain, with tokens structured under widely used Ethereum standards: ERC-20 for utility tokens and ERC-1155 for digital securities.
“Traditional climate finance is often slow-moving, bottlenecked in multilateral institutions and donor cycles,” Misra noted. “Tokenization creates direct, cost-efficient, investor-driven pathways into agriculture, turning vast areas of land into investable, auditable climate assets.”
This initiative builds on Farmway’s earlier $20 million pilot investment in Georgia’s almond sector, which the company described as a successful proof of concept.
Growing RWA commodity tokenization market
Farmway’s push comes amid broader growth in real-world asset (RWA) tokenization, a market valued at $27.8 billion as of mid-2025. Commodities account for $2.5 billion, or about 9% of the sector, with tokenized gold from Paxos Gold (PAXG) and Tether Gold (XAUT) leading the space.
Competition is also heating up. Justoken, a Buenos Aires-based firm, has already launched tokenized funds for soybean oil, cotton, corn, and other commodities, with a combined market cap exceeding $500 million.
Analysts say tokenization could unlock liquidity in traditionally illiquid sectors like agriculture, making assets globally investable and transparent. For Georgia, Farmway’s $100M deal may signal a new chapter in positioning the country as a key player in both almond production and blockchain-driven finance.
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