We are participating in Based LatAm because OpenGrano's mission directly aligns with the goals of fostering innovation and expanding decentralized solutions in Latin America. OpenGrano addresses two significant challenges: the lack of financing opportunities for farmers in LATAM and the limited access for Web3 investors to the agro commodities sector. As founders who grew up in Argentina with strong connections to the agricultural industry, we have seen firsthand the obstacles that farmers face in securing financing, especially in high-inflation economies. We also belive that this participation will amplify the visibility of our project in Latin America, providing much-needed financial support to farmers while offering new, impactful investment opportunities to the Web3 community.

We are focused on solving two primary challenges:

1- Lack of investment opportunities in agriculture for Web3 investors: While agriculture represents a massive part of LATAM’s economy, the sector has remained largely untapped by the Web3 community. Investors are often drawn to tech or fintech sectors, leaving agriculture overlooked. OpenGrano is bridging this gap by creating a platform where investors can easily participate in the growing agro commodities market through blockchain-based solutions.

2- Limited access to financing for farmers: Many farmers in LATAM struggle to secure financing due to high inflation rates, limited access to traditional financial systems, and geographic barriers. These challenges restrict their ability to scale operations, adopt sustainable practices, or manage cash flow. By connecting farmers directly with global investors, OpenGrano ensures they have access to the capital they need without relying on traditional banking systems.

OpenGrano, directly addresses the challenges of limited financing for farmers and restricted investment opportunities in the agro sector by introducing a decentralized platform that allows the tokenization of agricultural assets.

We allow farmers to tokenize their future agricultural production and offer shares to investors in the form of digital assets. Farmers benefit by gaining direct access to capital, without the need for traditional intermediaries or banks, while investors are able to diversify their portfolios by participating in a real-world industry (RWI) with all the benefits of blockchain transparency and security.

One of the biggest challenges was securing collateral for farmers who typically lack traditional assets to offer as security for loans. We solved this by partnering with MGS (Sociedad de Garantía Recíproca), a mutual guarantee society. MGS enables farmers to provide collective guarantees, mitigating risks for investors and unlocking access to financial resources. This solution offered a way for farmers to get the financing they need while giving investors confidence in their investments.