AgriDex has made history after settling its very first agricultural trade on the Solana blockchain. Now, the platform is facilitating the sale of farmland in Zambia and bakery machinery from South Africa to Zimbabwe, using blockchain to transform regional trade.
AgriDex has announced it has processed over $9 million in stablecoin-based agricultural trades across Africa. Among these is a landmark $1.5 million transaction involving grain and fertilizer by Graintrade, which covered Zimbabwe, Mozambique, and South Africa. The trade was settled instantly in USDC, bypassing traditional banking delays. Graintrade’s CFO called same-day settlement “transformative” for regional agricultural trade.
AgriDex runs on Solana and ensures each token-backed trade seamlessly reflects real-world assets. It supports instant settlement, ultra-low fees, from 0.15% per side to a maximum of 0.5%, and a user-friendly interface that requires no crypto knowledge. Founder and CEO Henry Duckworth said the platform lets farmers and traders “trade and settle instantly in stablecoins” without handling complex blockchain processes.
The platform currently operates in Kenya, South Africa, Zambia, Botswana, Nigeria, and Mauritius, providing services across key agricultural markets. AgriDex plans to expand into Latin America and Central Asia by mid-2026, seeking to replicate its success in regions with similar challenges in cross-border trade.
Originally launching with a milestone olive oil and wine trade from South Africa to London in 2024, AgriDex continues to grow. It also raised $4 million in funding led by Portal Ventures, valuing the platform at $28.5 million.
By bringing stablecoin settlement, transparent documentation, and scalability to agricultural markets, AgriDex is helping reshape how produce and commodities are traded, from farmland to bakery across borders.
About AgriDex
AgriDex is a blockchain-powered platform designed to streamline agricultural trade and financing across Africa. By leveraging stablecoins and tokenization, it facilitates transparent, low-cost, and efficient cross-border transactions for commodities, farmland, and agricultural equipment. The platform aims to connect farmers, traders, and investors through decentralized finance solutions, driving growth in Africa’s agricultural economy.
