Tether, the issuer behind the stable of almost $ 150 billion in USDT, has ended the purchase of a 70% participation in the Latin American agricultural firm Adecoagro (AGRO), which has a market capitalization of almost one billion dollars.
Tether initially invested $ 100 million in Adecoagro in September 2024 for a 9.8% share, then offered to increase it to 51% in February, and finally raised it to control 70% in March.
Read more: the investment of $ 100 million of Tether in the agricultural firm of Latam can be a tokenization play
This majority participation provides layer control over one of the most prominent food and bioenergy producers in the region. Adecoagro owns Sugar Mills, Rice Pharms, dairy and renewable energy operations in Brazil, Argentina and Uruguay.
Tethher said it aims to climb the production of Adecoagro while aligning the company with its mission of promoting “economic freedom” through finance and decentralized investments in disregarded markets.
The measure could be part of Tether’s ambition to Tokenize active assets, since he launched his asset tokenization service last year. The platform was designed to simplify the conversion process of a wide range of real world assets, including bonds, basic products, actions, other stable and loyalty points in digital tokens in blockchain rails.
Read more: Tether presents a new platform to simplify the tokenization of assets for companies, states-nation
“When aligning with the proven experience of Adecoagro in Agriculture and Renewable Energy, we are taking another concrete step towards joining traditional industries with the future of decentralized finances and economic empowerment,” said Paolo Ardoino, CEO of Tether.
After the agreement, the Adecoagro board was also reorganized. Five members resigned and were replaced by executives linked to Tether and their strategic objectives. Juan Sartori, a Uruguayan businessman with political and agricultural interests, assumed the position of president.
In the last year, Tether has launched Ventures in Bitcoin Mining, AI and Communications Cifrar. Agro shares increased 2.6% on Wednesday.
Read more: the investment of $ 100 million of Tether in the agricultural firm of Latam can be a tokenization play
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