When rice, sugar, and Bitcoin meet: Crypto is infiltrating every industry

The cryptocurrency market is no longer just a playground for technology or finance. Recently, Davis Commodities — an agricultural trading company based at #Singapore — has shown that crypto is infiltrating even the most traditional fields like agriculture.

Specifically, the company has just raised 30 million USD, of which:

12 million USD (40%) will be used to build Bitcoin reserves, with an initial investment of 4.5 million USD.

15 million USD (50%) will be used to tokenize real agricultural assets such as rice and sugar — a move that could create a more transparent and liquid agricultural trading market.

The remainder will be allocated for upgrading technical infrastructure and security.

This event shows that crypto is not just the technology of the future but is becoming the current financial-commercial infrastructure, infiltrating every industry from finance, media, to even agriculture — the backbone of many countries. As traditional businesses begin to hoard Bitcoin and apply tokenization in their operations, a profound shift towards a digital economy model is truly taking place. #anhbacong