On July 21, 2026, a dairy farm in Paraná, Brazil, secured a R$100,000 loan using ten tokenized cows as collateral—a first for the country’s B3 stock exchange. The deal, structured as a CPR‑F rural credit note, valued the ten animals at R$120,000 and was originated by BMP Sociedade de Crédito Direto before being registered on B3 by the Target FIDC fund.
The transaction marks a concrete step in using blockchain‑verified livestock to unlock credit for farmers squeezed by tight bank lending. Agtech startup Cowmed equipped the cows with smart collars that monitor health, behavior, and location in real time, generating encrypted digital identifiers that replace physical inspections. Banks have historically discounted livestock collateral by up to 60% due to unreliable tracking; Cowmed’s system aims to eliminate that uncertainty.