Bolivian Cattle Ranch Will Be Tokenized to Open Up Business to Investors

The token is being claimed as the first blockchain-based financial instrument in Switzerland to hold an International Securities Identification Number.

AccessTimeIconNov 30, 2020 at 11:00 a.m. UTC
Updated May 15, 2023 at 1:36 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

A new revenue-sharing token will make the value of cattle held at a Bolivian ranch available to investors.

Announced Monday, Swiss crypto advisory firm Finka will leverage blockchain infrastructure provider CoreLedger to open up "opportunities for traditional investors" by allowing them to trade cattle ranching digitally.

According to the companies, tokenizing the business will allow trading similar to in a traditional barter economy,

Finka's native token will be used to facilitate trades every time cattle from the La Pradera ranch in Bolivia are sold, with a share of the profits then distributed to holders of the token.

The token is being claimed as the first blockchain-based financial instrument in Switzerland to hold an International Securities Identification Number, the universally recognized identifier for securities.

"The Finka Token is unique in that it has a built-in link to a secondary market within the CoreLedger platform," said CoreLedger CEO Johannes Schweifer. "Holders can convert the token into other tradable assets, literally anything from gold to oil or corn."

Finka's token is the result of collaboration with other Swiss service providers including banks, engineers, legal advisers and investors, per the release. A special tax ruling means the token is exempt from Swiss withholding tax.

“We’re using cattle ranching as a low-risk activity on which to develop a financial instrument supported by blockchain," said Finka's founding partner, Carlos Fernandez Mazzi. "We’ve built a good roadmap for other industries to be able to create their own financial instruments for application in other areas of the economy."

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.