In a major milestone for blockchain-powered agriculture, AgriDex, a Solana-based real-world asset platform, has successfully executed the first on-chain farmland transaction on the Solana network. The historic deal involved a $165,000 land purchase in Zambia, settled instantly and at zero cost using AgriDex’s digital settlement system.
Blockchain Facilitates Real-World Farmland Deal
The payment for the transaction was made from a buyer directly to Sustainable Agricultural Development, a company registered in Mauritius. The seamless process demonstrates the potential of blockchain to simplify and accelerate cross-border real estate transactions, particularly in the agricultural sector.
“This sets a precedent for improving how agricultural real estate is exchanged and financed,” said Henry Duckworth, co-founder and CEO of AgriDex. “For the first time, a contract of farmland has been traded and settled on the blockchain.”
By leveraging Solana’s high-speed and low-cost infrastructure, AgriDex eliminates the delays and fees typically associated with traditional banking channels. Standard cross-border payments often take several business days and come with hefty transaction costs—barriers that AgriDex’s system effectively removes.
A Growing Pipeline of Blockchain-Based Land Deals
The Zambia land acquisition is just the beginning. AgriDex revealed that it is preparing to process an additional $2.6 million in farmland deals in the coming weeks. The platform claims that by digitizing and decentralizing agricultural transactions, it is helping partners collectively save over $40 million per year—funds that can be reinvested into operational and growth initiatives.
AgriDex’s blockchain-enabled trade network has already handled transactions involving commodities such as olive oil, wine, coffee, and livestock. Now, with farmland on-chain, the platform is expanding its impact across the $2.7 trillion global agriculture industry.
A Vision for Agriculture Without Borders
AgriDex is on a mission to modernize agricultural trade and finance, especially in developing regions where access to capital and global markets is limited. By removing intermediaries, accelerating settlements, and enabling direct access to buyers and sellers worldwide, the platform aims to unlock new levels of efficiency and transparency.
As real-world asset tokenization becomes more prominent, AgriDex’s success on Solana showcases how blockchain can reshape legacy sectors, including agriculture—one transaction at a time.
