Farmway signs $100M deal to tokenize Georgia’s almond orchards

Farmway Technologies, a U.S. fintech focused on real‑world assets, agreed a $100 million deal with Georgia to put parts of the country’s almond industry on‑chain.

The company says funding will go into farming infrastructure, processing, logistics and irrigation, covering about 500 hectares and facilities for almond milk powder, oil and extracts. The program extends a $20 million pilot and adds 100 hectares to earlier plantings, according to Farmway.

Farmway plans to tokenize orchards and related infrastructure, issuing tokens that represent a fractional stake in specific assets. Utility tokens tied to assets will use ERC‑20 (a fungible token standard on Ethereum), while digital securities will be structured with ERC‑1155 (supports fungible and non‑fungible classes in one contract). Activity and ownership changes would be recorded on‑chain.

CEO Upmanyu Misra frames tokenization as a faster route for climate and agriculture finance. According to him, traditional funding is “slow‑moving,” while programmable assets can channel investor capital directly into audited farm projects. Farmway, founded in 2020, runs RWA tokenization in seven countries across commodities like coffee, cinnamon, lavender and ashwagandha.

Georgia's almond industry is growing fast: production was 2,500 tonnes in 2023 and is expected to reach about 14,000 tonnes by 2027, which would put the country among the top-20 producers. Around 6,000 hectares were planted with almonds as of August 2023, with growers such as Udabno, Nuts Incorporated and Nuts Cultivation Company expanding their farms. Local production is steadily replacing imports (down ~49% in 2024), while exports continue to rise, local media report.

Digital versions of commodities remain a small but growing part of the real-world asset market. RWA.xyz estimates about $2.5 billion in digital commodities, roughly 9% of the $27.8 billion real-world asset total, after ~5.6% growth over the past month. Gold leads through Paxos Gold (PAXG) and Tether Gold (XAUT), with agriculture starting to catch up; in Latin America, Justoken's soy, cotton and corn funds together exceed $500 million in market value.

Farmway says the Georgia rollout turns orchards and processing infrastructure into investable, auditable units on a public chain. Next, details on issuance, investor eligibility and custody should clarify how fractional rights to land‑linked assets are structured and how cash flows from processing are shared on‑chain.