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Xcapit

Agriculture

Tokenized warrants and AgriFinance — built on rails the regulators are already comfortable with

We help depositories, cooperatives, fintechs, and trade finance companies in Latin America build the next generation of agricultural credit infrastructure: tokenized commodity warrants, on-chain attestations, and traditional finance integration.

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Reference diagram showing tokenized agricultural warrants flowing between farmer, depository, secondary market investors, and credit institutions on a blockchain infrastructure

Why now

The next generation of agricultural credit infrastructure is being built right now

Three converging signals from regulators, analysts and depositories in 2024–2025 reset the conversation for any depository, cooperative, fintech or trade finance company in LATAM agribusiness.

Regulatory

Argentina's CNV proposed RG 1137/2026 to expand the RWA tokenization framework

The Comisión Nacional de Valores proposed expanding its RWA tokenization framework — extending the regulatory sandbox to December 31 2027 and allowing closed-end mutual funds with public offering authorization to migrate to digital asset formats. This creates the operational conditions for warrant-backed and other commodity-backed tokenization at scale.

CNV Resolución General 1137/2026 (project / sandbox expansion) · Boletín Oficial República Argentina

Market

Real-world asset tokenization projected in the trillions by 2030

Tokenized commodities, warrants and receivables are emerging as a parallel financing rail for agricultural producers. Early movers are setting the standards that the rest of the region will integrate into.

BCG / ADDX (RWA tokenization outlook 2030) · BIS Quarterly Review Q2 2024

Legal

Argentina's warrants law (9.643) and Brazil's agricultural credit framework (11.076) are decades old and ready for tokenization

The legal infrastructure for warrant-backed credit exists in most Southern Cone jurisdictions. What's missing is the operational layer: secondary liquidity, double-pledge prevention, and regulator-grade reconciliation — exactly what tokenization solves.

Ley 9.643 (Argentina, 1914) · Lei 11.076 (Brasil, 2004)

Why Xcapit

We arrive with RWA tokenization already running in an adjacent regulated sector

We don't have a flagship agribusiness client yet — we are honest about that. What we bring is RWA tokenization running today in the energy sector, AI credit scoring infrastructure proven in fintech, and a CNV-engaged regulatory posture.

RWA tokenization in production

EPEC + Government of Córdoba — energy infrastructure tokens

Three programs being tokenized to channel investment into provincial infrastructure. The custody attestation and on-chain settlement patterns translate directly to commodity warrants and agricultural credit instruments.

AI for credit decisioning

Bonum + Naranja X — credit acceptance lifted +30% with AI scoring

Microcredit at scale (Bonum) and credit acceptance improvement (Naranja X) — applied AI for credit decisioning with non-traditional data. The same models translate to producer scoring with yield, satellite, and weather data.

Regulator engagement

ISO 27001 certified · CNV regulatory engagement from day one

We work with regulators in the design phase, not after the fact. Spanish and Portuguese-native team for CNV (Argentina) and CVM (Brazil) engagement. Standards posture that depositories and banks can validate immediately.

What we bring

An applied AI and blockchain partner that ships to production

Tokenized warrant infrastructure

Production-ready stack: custody attestation, smart-contract issuance, permissioned or hybrid settlement, regulator-grade integration. Built for CNV / CVM-style engagement.

AgriFinance smart contracts

Credit lines, structured products, and bundled exposures built on tokenized warrants. Composable with existing core banking. Designed for institutional adoption, not retail speculation.

Supply chain traceability

Verifiable credentials and IoT attestations for crops, livestock, and processed commodities. Ready for the regulatory layer (EUDR, certifications, ESG reporting) without rebuilding the chain.

Regulator and depository integration

Adapters, read-only nodes, and dashboards for CNV (Argentina), CVM (Brazil), and analogous bodies. Built with the regulator in the room — not after the fact.

Adjacent work that proves the patterns

Real engagements that inform our agricultural practice

EPEC · Government of Córdoba

Tokenizing high-impact energy infrastructure

Three programs being tokenized to channel investment into provincial energy infrastructure. The RWA patterns translate directly to commodity-backed credit and warrant tokenization.

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Bonum

Microcredit and financial inclusion at scale

Our own platform for credit issuance to underbanked segments. The infrastructure and risk models translate to producer credit programs and cooperative finance.

Read case study →

Naranja X

Credit acceptance improvement via AI

30% improvement in credit granting rate using an AI-assisted decisioning model. The pattern applies to producer credit scoring with non-traditional data (yield history, satellite imagery, weather).

Read case study →

Questions agribusiness leaders ask us

Is the regulatory framework actually ready for tokenized warrants in Argentina and Brazil?
The legal frameworks for warrants are decades old (Argentina Law 9.643, Brazil Law 11.076). The crypto-asset regulatory frameworks (CNV in Argentina, CVM in Brazil) are still evolving but are explicitly open to tokenized financial instruments under sandbox and pilot programs. The window between current ambiguity and final rules is exactly when early movers set the standards. We work with you and your legal team to engage regulators from the design phase, not after.
Will banks and traditional depositories actually integrate with this?
Yes, and they're the ones asking for it most. The tokenization stack solves real cost problems for depositories (reconciliation), for banks (collateral verification), and for trade finance (liquidity). We design integration adapters that map on-chain events to existing core banking and depository systems, so the institutional plumbing doesn't need to be rebuilt.
Do you deploy this in production or just advise?
We deploy. Our engagement combines a build layer (production smart contracts, custody attestation services, regulator-grade integration) with an advisory layer (regulatory engagement, governance framework, audit support). We're an applied partner, not a consulting firm — and we've built RWA tokenization patterns in production for the energy sector already.
How does this compare to traditional warrants? Do we have to replace what works?
No replacement. Tokenized warrants are a parallel infrastructure that plugs into the existing legal framework. The same warrant law applies, the same depositories operate, the same banks lend. What changes is the speed of settlement, the prevention of double-pledge at the protocol level, and the cost of reconciliation. The traditional infrastructure can continue operating in parallel for as long as makes sense.
What's the realistic timeline and cost to launch a tokenized warrant program?
A focused pilot — one depository, one product line, one quarter of trades — can be live in 4 to 6 months from kickoff. Scaling to production and integrating multiple counterparties takes another 6 to 12 months. The cost is dominated by integration and regulatory engagement, not by smart contract development. We share rough budgets transparently at the discovery phase.

Let's design the program before someone else sets the standard

If you're a depository, cooperative, fintech, or trade finance company looking at tokenized agricultural credit, the first conversation costs you nothing and gets you a clear next step.

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