Cerealia issue the world’s first NFT for grains

(Bloomberg) A Swiss crop-trading blockchain startup has piloted the use of technology that will allow grain to be traded using virtual tokens.

Cerealia SA created a non-fungible token backed by 30,000 metric tons of Mexican white corn, according to Filipe Pohlmann Gonzaga, chief operating officer of the Pully, Switzerland-based company. The token was issued by Mercanta for grain stored at the Triple T terminal, both owned by Mexico’s Grupo Ceres.