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Tokenized cows and NFTs for unusual assets spotlight onchain finance

Brazil’s B3 exchange case used 10 tokenized cows as collateral for a 100,000 Brazilian real loan, a proof of concept for broader livestock backed financing.

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Cointelegraph highlights how crypto tokenization is being applied to increasingly unusual assets, from livestock to nonfungible tokens tied to personal recordings. The outlet points to Brazil’s B3 stock exchange, where a farmer in southern Brazil used 10 tokenized cows as collateral for a 100,000 Brazilian real loan, worth about $19,600. The setup involved placing the cows into a blockchain based holding pen, and each cow received a unique digital token linked to an encrypted digital identity. Cointelegraph says the deal was structured by Brazilian investment fund Target FIDC and that the first loan served as a proof of concept. It also notes the approach could potentially support around $80 million in livestock backed financing across farms. The piece also catalogs other odd tokenization examples, including a filmmaker who minted NFTs from his own farts. Cointelegraph says the filmmaker sold those tokens for 0.05 ETH each, about $85 at the time, underscoring the market finding a price even for nontraditional items.

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