Bolivian cattle ranch to be symbolized to open business to investors

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A new revenue sharing token will make the value of cattle held on a Bolivian ranch available to investors.

Announced Monday, Swiss crypto consultancy Finka will leverage blockchain infrastructure provider CoreLedger to open up “opportunities for traditional investors” by allowing them to digitally trade livestock farming.

According to the companies, the tokenization of the company will allow exchanges similar to those of a traditional barter economy,

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Finka’s native token will be used to facilitate trading with each sale of cattle from the La Pradera ranch in Bolivia, with a share of the profits then being distributed to the token holders.

The token is claimed to be the first blockchain-based financial instrument in Switzerland to hold an international securities identification number, the universally recognized identifier for securities.

“The Finka token is unique in that it has an integrated link to a secondary market within the CoreLedger platform,” said Johannes Schweifer, CEO of CoreLedger. “Holders can convert the token into other marketable assets, literally anything from gold to oil or corn.”

See also: The big blockchain opportunity in Latin America

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Finka’s token is the result of collaboration with other Swiss service providers, including banks, engineers, legal advisers and investors, the statement said. A special tax ruling means that the token is exempt from Swiss withholding tax.

“We are using cattle ranching as a low risk activity on which to develop a blockchain-backed financial instrument,” said Finka founding partner Carlos Fernandez Mazzi. “We have developed a good roadmap for other industries to create their own financial instruments to apply in other areas of the economy.

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