According to a Nov.30 announcement, Swiss crypto firm Finka will leverage blockchain infrastructure provider CoreLedger to open up “opportunities for traditional investors” by allowing them to trade cattle ranching digitally.
According to the companies, tokenizing the business will allow trading similar to in a traditional barter economy.
As reported by coindesk, Finka’s native token will be used in order to facilitate trades each time cattle from the La Pradera ranch in Bolivia are sold, with a share of the profits then being distributed to holders of the token.
CoreLedger’s CEO Johannes Schweifer stated:
“The Finka Token is unique in that it has a built-in link (LINK, +4.25%) to a secondary market within the CoreLedger platform. Holders can convert the token into other tradable assets, literally anything from gold to oil or corn.”
Finka’s token is the result of a partnership with other Swiss service providers including banks, engineers, legal advisors and investors, per the release.
Finka’s founding partner Carlos Fernandez Mazzi said:
“We’re using cattle ranching as a low-risk activity on which to develop a financial instrument supported by blockchain. We’ve built a good roadmap for other industries to be able to create their own financial instruments for application in other areas of the economy.”