Brazilian Farm Tokenizes 10 Cows as First Livestock Collateral on B3 Stock Exchange

For the first time, tokenized livestock collateral has been formally registered on Brazil's stock exchange. Fazenda Engenho Velho in Paraná used ten cows valued at R$120,000 ($23,310) to secure a R$100,000 CPR-F (rural credit certificate) from BMP, a central bank-authorized credit company. Target FIDC, a receivables fund, then registered the transaction on B3.

Each cow received a unique encrypted digital ID generated from health, behavioral, and location data captured by AI-powered sensor collars built by Cowmed, an agricultural tech startup. The blockchain-backed monitoring system eliminates farm inspections and prevents the steep discounts banks traditionally apply to livestock collateral—often as much as 60%. According to Cowmed CEO Thiago Martins, the model directly addresses Brazil's credit emergency; agribusiness bankruptcy filings reached 1,990 in 2025, nearly four times the 534 filed in 2023. Cowmed currently monitors 100,000 cows across 1,200 farms globally, valued at approximately $395.4 million.