Farmway Secures $100M Deal to Tokenize Georgia’s Almond Orchards

Farmway Commits $100 Million to Blockchain-Backed Almond Orchards in Georgia

Farmway Technologies, a US-based fintech specializing in the tokenization of agricultural commodities, has entered a $100 million agreement with the Republic of Georgia to digitize the country’s almond orchards on the blockchain. This initiative will cover 500 hectares (approximately 1,236 acres) and aims to transform the almond sector through enhanced infrastructure and blockchain asset representation.

Investment in Agricultural Infrastructure and Processing

The funds will be used to upgrade farming infrastructure, including irrigation systems, logistics, and processing facilities capable of producing almond milk powder, oil, and extracts. This move supports the rapid expansion of Georgia’s almond industry, which has grown from 2,500 tonnes in 2023 to a projected 14,000 tonnes by 2027, placing Georgia among the world’s top 20 almond producers, according to Farmway CEO Upmanyu Misra.

Blockchain Tokenization of Agricultural Assets

Farmway plans to tokenize not only the orchards but also associated infrastructure such as irrigation and processing plants. Each token will represent a fractional ownership stake, with all transactions and asset activities recorded on the blockchain. Misra emphasized that tokenization creates direct, efficient investment pathways into agriculture, circumventing traditional climate finance bottlenecks associated with multilateral institutions and donor cycles.

The tokens will be structured using Ethereum standards: ERC-20 for fungible utility tokens representing the assets, and ERC-1155 for real-world asset digital securities that can handle both fungible and non-fungible tokens in a single transaction.

Context: Georgia’s Growing Almond Sector and Tokenization Market

As of August 2023, Georgia had 6,000 hectares dedicated to almond cultivation, with key producers including Udabno, Nuts Incorporated, and Nuts Cultivation Company. Local almond production is increasingly substituting imports, which dropped 49% in 2024, while exports have continued to rise.

This $100 million deal follows a $20 million initial investment by Farmway in Georgia’s almond industry, serving as a proof of concept for the tokenization model.

Broader Trends in Real-World Asset Tokenization

Farmway, founded in 2020, operates active tokenization projects across seven countries and various commodities such as coffee, cinnamon, lavender, and ashwagandha. The company focuses on converting traditionally illiquid assets into programmable, globally accessible investment vehicles.

According to RWA tokenization data from RWA.xyz, the tokenized commodity market is valued at approximately $2.5 billion, accounting for about 9% of the $27.8 billion real-world asset tokenization sector. This market has grown 5.6% over the past month, led by tokenized gold products like Paxos Gold (PAXG) and Tether Gold (XAUT). Agricultural commodities are emerging as a significant segment within this space.

Competitors such as Buenos Aires-based Justoken have developed tokenized funds for commodities including soybean oil, cotton, and corn, collectively exceeding $500 million in market capitalization.

Conclusion

Farmway’s $100 million investment to tokenize Georgia’s almond orchards represents a significant step in integrating blockchain technology with traditional agriculture. By enabling fractional ownership and improving transparency, this initiative could enhance liquidity and attract new investment into the sector. However, the long-term success will depend on regulatory frameworks, adoption rates, and market acceptance of tokenized agricultural assets.