The decentralized agricultural financing protocol LandX has completed a $5 million financing and will launch on the 15th of this month

ChainCatcher news, the decentralized agricultural financing protocol LandX announced that it has exceeded its private fundraising round with 915,000, bringing its total financing amount to over 5 million dollars. In addition, the LandX platform will officially launch on December 15 and will open for public token sales.

It is reported that LandX will bring agricultural asset and tokenized farmland into the decentralized financial ecosystem, providing farmers with upfront capital in exchange for a certain percentage of their future harvests. The financing is secured by the underlying farmland, offering investors the potential opportunity to obtain sustainable returns backed by tangible assets.