Truflation, a real-time economic data provider, has partnered with LandX, a company focused on decentralizing global farmland markets, to bring indexed agricultural commodities into the digital finance ecosystem, as disclosed in the latest reports shared with Finbold on Wednesday, November 20.
The collaboration will see tokenized agricultural assets such as wheat and rice included in Truflation’s index list, making them accessible to a broader range of decentralized (DeFi) and traditional (TradFi) finance investors.
As such, the integration enhances Truflation’s data marketplace and provides its users with additional tools to help them make better investment decisions based on real-time market data.
Agricultural data in DeFi
As part of the collaboration, LandX will deliver precise data on staple crops on Truflation.
Stefan Rust, Truflation Chief Executive Officer (CEO), commented on the integration of LandX data, stating:
“We are excited to partner with LandX to bridge the gap between traditional commodities and digital finance. Adding agricultural data to our marketplace enriches our ecosystem and gives users valuable tools to navigate the tokenized asset landscape.”
The LandX team in turn described the partnership as a chance to bring agricultural assets to DeFi:
“Partnering with Truflation gives LandX the opportunity to bring agricultural assets to the forefront of DeFi. Through Truflation’s impressive network, our data can reach a broader audience, providing users with essential insights into the value of tokenized agriculture.”
The initiative will thus help both partners explore agricultural commodities as part of their respective portfolios and give users access to accurate, on-chain data streams to help them craft more sound trading strategies.