Tokenization of real-world commodities could drastically reduce trading costs, says one Swiss startup as it pilots a new non-fungible token system.
A Swiss agricultural startup has piloted the use of a non-fungible token for cutting down the costs of trading grain. The system implemented by Swiss firm Cerealia SA sees the tokens reportedly backed by 30,000 metric tons of Mexican white corn.Although the Cerealia platform only facilitates two-way deals at the time being, an upcoming addition will allow for third-parties to trade and speculate on grain deals using the token. A digital system naturally reduces the costs incurred by grain traders in executing deals, such as storage fees, while reducing the onus on paperwork.The tokens were reportedly used by Mexican firm Mercanta, representing grain it had stored at a local warehouse. Other grain holders and trade houses can issue their own version of the token, which can then tr
Źródło: https://cointelegraph.com/news/swiss-startup-launches-tokenized-grain-trading-pilot
