Brazilian agricultural businesses are tokenizing dairy cows and using them as collateral to obtain loans, according to multiple reports. In one of the first such deals, ten tokenized dairy cows back a loan of about $19,600 that is registered on Brazil’s B3 exchange. The arrangement relies on “smart collars” that monitor herd health in real time, which is described as helping prevent fraud and verifying the livestock tied to the loan. Sources say the approach can allow farmers and local businesses to access financing even amid tight or constrained bank lending, including situations where lending limits would otherwise restrict borrowing. The reports characterize the transaction as an early, practical example of tokenized real-world assets—specifically livestock—being integrated into credit processes through a regulated market venue. While the articles frame the development as a potential solution to agricultural credit shortages, the shared core details across outlets center on the first livestock tokenization on B3, the loan size, and the use of monitoring technology for collateral verification.