Arya.ag tests tokenized grain warehouse receipts on Avalanche

Indian agricultural storage and lending firm Arya.ag (Arya.ag) is testing a system to tokenize grain warehouse receipts on an Avalanche-based Layer 1 blockchain. In partnership with Finternet (Finternet Labs), the project integrates grain storage, warehouse receipts, and loan status into "composite tokens" to help banks assess collateral risk. The initiative aims to streamline financing for agricultural products, supported by a 10 billion rupee credit guarantee scheme from the Indian government. No launch date or deployment scale has been disclosed.