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LandX - Private
Overview
Funding Date
December 4, 2023
Financing amount
$0.92M
Valuation
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Category
About LandX - Private
After two years in development LandX, the agricultural finance protocol, successfully closed its private investment round surpassing expectations. The round raised over $915,000 USD from private investors which brings the total raised to over $5 million USD. The milestone marks a significant vote of confidence in the potential for LandX to bring real world assets on-chain.
Company Profile / Project Introduction
LandX is a Perpetual Commodity Bonds Protocol. Perpetual vaults provide investors an inflation hedged return backed by a legal contract secured on underlying farmland. LandX makes perpetual bonds available as a liquid digital asset.
Bridging the agriculture financing gap, LandX provides upfront capital to farmers in return for a percentage of their future harvests. The financing is secured by the underlying farmland, offering investors a potential opportunity to earn sustainable yield backed by tangible assets.