e-Grains Makes History as the First Company to offer Tokenized Agro Commodities in the World
San Salvador, El Salvador, January 29th, 2024, Chainwire
e-Grains proudly announces a groundbreaking achievement with the recent approval as a Tokenized Digital Asset Issuer by the National Council for the Administration of Digital Assets (CNAD) in El Salvador. This milestone marks a significant chapter in the company’s journey of innovation and compliance, representing a historic license that empowers e-Grains to issue Tokenized Digital Assets backed by economics rights on Agricultural Commodities in accordance with the country’s regulations.
Securing this license is a testament to e-Grains unwavering commitment to the highest ethical and security standards, reinforcing the trust that investors and partners place in us. It reflects the dedication to shaping the future of tokenized digital assets responsibly.
For the future of e-Grains, this license plays a pivotal role in expanding the company’s operations in El Salvador and beyond. It positions the company as a leader in regulated offerings of tokens backed by the contracts on commodities, providing investors with a secure and transparent platform to participate in the emerging digital asset market.
“The Volcano Bonds were an inspiration for us, with that vision we understood the possibilities and how our project could fit at El Salvador legal framework. Being approved right after the Volcano Bonds makes us very excited, we are anxious for the start of distribution that will be start at the right moment and for sure we will make all our efforts to help the government on that” said Rodrigo Mendes, CEO of eNor Group.
Introducing $ESOY: A Pioneering Digital Asset Revolutionizing Financial Landscapes
With this historic approval, e-Grains proudly introduces the first token to be issued under this authorization: $ESOY. The $ESOY token is a pioneering digital asset that revolutionizes the financial landscape with its unique features. The issuance of $ESOY tokens will be capped at the equivalent of 100,000,000 USD.
e-Grains, in a strategic collaboration with industry leaders such as Consensys, Fireblocks, and Polygon Labs, underscores its commitment to excellence, ensuring seamless integration with Compliant DeFi Protocols and unlocking new possibilities for investors. The deployment of $ESOY across Polygon and Ethereum blockchains not only showcases versatility but also positions e-Grains to tap into a ≈$29 billion TVL Market per DeFi Llama, laying a robust foundation for ESOY’s growth in the decentralized finance ecosystem. This institutional partnership signifies trust and reliability, offering institutions engaging with ESOY the expertise and security measures provided by these industry giants, instilling confidence in both the digital asset and the market.
The $ESOY token offers the ability to trade 24/7, providing investors with unprecedented flexibility and accessibility to the markets. What sets $ESOY apart is its unwavering commitment to stability, as it is backed 100% by the rights on International Physical and Futures Contracts for Soybeans, a timeless and globally known commodity, a tangible asset that has stood the test of time.
Investors can take advantage of the opportunity to invest directly in one of the largest and most significant primary resources on the planet, diversifying their portfolios with a trusted asset class. $ESOY opens the door to arbitrage opportunities, allowing investors to capitalize on price differences between $ESOY and other Soybean contracts.
This is a strategic advantage for those looking to optimize their yields. Investors also have the flexibility to choose from multiple settlement options tailored to their specific needs, ensuring a seamless and personalized experience. In addition, $ESOY can serve as an effective hedging tool, allowing investors to protect and stabilize their portfolio positions with a tangible commodity, mitigating risk and improving overall portfolio performance.
e-Grains continues to steadfastly pursue its mission of shaping the future of tokenized digital assets with integrity and forward-thinking vision. e-Grain looks forward to the exciting prospects and are eager to contribute to the transformative landscape of the digital asset industry.
About e-Grains:
e-Grains, a trailblazer in agrocommodity investment, redefines the sector by offering a diverse portfolio of tokenized agricultural commodities, backed 100% by tangible assets. Our mission is to innovate, providing a transparent, flexible, and accessible gateway to agrocommodity investment.
As a part of eNor Group, e-Grains leverages global expertise and strategic partnerships, introducing tokens backed by the rights on vital agrocommodities such as soy, sugar, coffee, and corn. These tokens, embedded within Financial and Custody Contracts-Guarantees, serve as a bridge, facilitating funding for companies and creating investment opportunities in blockchain-based markets.
e-Grains is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
Contacts
CEO
Rodrigo Rodrigues Mendes
eNor
rodrigo.mendes@enordigital.com
+55 11 950238100
COO
Bruno Leon Winik
eGrains
+55 11 946004601