TETHER, the transmitter behind the stablecoin of nearly $ 150 billion USDT, finalized the purchase of a 70% stake in the Latin American agricultural company ADECOAGRO (AGRO), which has a market capitalization of nearly a billion dollars.
Tether initially invested $ 100 million in ADECOAGRO in September 2024 for a participation of 9.8%, then proposed to increase it to 51% in February, and finally increased it to control 70% in March.
Read more: the investment of $ 100 million from Tether in the Latam Agricultural Society can be a tokenization game
This majority participation gives control of ties on one of the most important food producers and bioenergy in the region. ADECOAGRO has sweets, rice farms, dairy operations and renewable energy assets through Brazil, Argentina and Uruguay.
Tether said that it aims to develop the production of Adecoagro while aligning the company in its mission to promote “economic freedom” thanks to finance and decentralized investment in the poorly served markets.
This decision could be part of TETHER DE TOKENIZE’s ambition of active world assets, because it launched its asset tokenization service last year. The platform was designed to simplify the conversion process of a wide range of real assets, including bonds, basic products, actions, other stables and loyalty points in digital tokens on blockchain rails.
Read more: Tether unveils a new platform to simplify the tokenization of assets for businesses, nation states
“By aligning ourselves in the proven expertise of Adecoagro in agriculture and renewable energies, we make another concrete step towards filling the traditional industries with the future of decentralized finance and economic empowerment,” said Paolo Ardoino, CEO of Tether.
After the agreement, the ADECOAGRO board of directors was also reworked. Five members resigned and were replaced by executives related to the attachment and its strategic objectives. Juan Sartori, a Uruguayan businessman with political and agricultural interests, took the post of president.
In the past year, Tether has launched companies in Bitcoin Mining, AI and encrypted communications. Agro shares increased 2.6% on Wednesday.
Read more: the investment of $ 100 million from Tether in the Latam Agricultural Society can be a tokenization game
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