🐄 First cows on the exchange

Banks discount livestock collateral by up to 60% — a R$20,000 cow becomes R$8,000 on a loan, because lenders have no reliable way to confirm the animal is alive. Brazilian startup Cowmed fixed that with AI sensor collars.

Fazenda Engenho Velho pledged ten dairy cows against a R$100,000 loan — the first livestock collateral formally registered on Brazil's B3 stock exchange. The collars capture health and location data; Cowmed hashes it into a unique cryptographic ID for each animal. No farm inspection needed.

Cowmed tracks 100,000 cows across six countries and expects to tokenize 20% of that herd within two years, per Decrypt. Four more farmers are already in the pipeline.

RWA tokenization has cleared $10 billion in DeFi. Cows just joined the asset class. Hooves and all.