Riyadh – Sharikat Mubasher: UAE-based agritech and digital assets company Maalexi announced it has closed an oversubscribed funding round led by Tawuniya and venture capital firm Global Ventures.
According to a recent press release, the funding will support the development of the Maalexi Agricultural Assets Token Exchange (MAATEX), which the company describes as the world’s first regulated exchange for tokenized agricultural real-world assets (RWAs), designed to bring greater transparency, standardization, and verification to cross-border agricultural trade.
Maalexi said it has spent the past three years building a verification and risk-management infrastructure for physical agricultural trade across Saudi Arabia, the UAE, India, and the United States. During that period, the company recorded more than 4,000 smart contracts on the Avalanche network and achieved a 70% customer repeat rate.
The company has also published three patents with the United States Patent and Trademark Office and has three additional patents under review.
Maalexi said the new investment reflects growing institutional confidence in its efforts to modernize agricultural trade infrastructure through regulated digital asset markets.
