Arya.ag puts India’s $2B grain network onchain

Arya.ag has begun putting records connected to approximately $2 billion in stored crops on an Avalanche-based blockchain for agricultural lenders in India. Summary Arya.ag has deployed an Avalanche-based ledger covering grain deposits, receipts and agricultural loan status records. The company holds around $2 billion in crops across its Indian warehouse network at present. Three major banks are joining Arya.ag’s dedicated blockchain, though their identities remain undisclosed for now. Arya.ag facilitates roughly $1.3 billion in annual loans and directly issues around $230 million itself. Tokenized records do not transfer grain ownership or guarantee faster approvals and cheaper credit access. Reports on Sept. 10 said the system records grain deposits, electronic warehouse receipts and loan status, enabling authorized lenders to verify crops offered as collateral. Infosys co-founder Nandan Nilekani announced the project at the Global Fintech Festival in Mumbai. 🇮🇳 INDIA is taking blockchain beyond crypto. Arya(.)ag, one of India's largest agricultural warehousing companies, is using Avalanche technology to put grain deposits, warehouse receipts and loan status onchain. The scale is notable: around $2B worth of crops are held across… pic.twitter.com/UuFrU47MJB — Wise Advice (@wiseadvicesumit) September 10, 2026 The $2 billion figure covers the estimated value of crops held across Arya.ag’s warehouse network. It does not represent the value of loans already recorded on the blockchain. Arya.ag and Ava Labs have not disclosed how much collateral or lending activity has entered the new system. You might also like: Avalanche lands $11B Bridgetower deal as RWA assets hit $2.1B Arya.ag links grain records with agricultural loans Farmers who store crops in registered Indian warehouses can receive electronic negotiable warehouse receipts, commonly called e-NWRs. A farmer may use the receipt to secure a loan while keeping the crop in storage and waiting for a suitable time to sell it. Arya.ag’s blockchain links information about the deposited crop with its warehouse receipt and financing status. Banks can use the shared record to check whether the grain exists, whether another lender has already accepted it as collateral and how much debt remains outstanding. Warehouse operators and lenders currently maintain some of that information in separate systems. Arya.ag said its ledger is designed to provide participating institutions with a common source of records during collateral verification. The underlying grain remains in a physical warehouse. India’s legally recognized e-NWR remains the financing document, while the blockchain entry records information connected to the crop, receipt and loan. Arya.ag is not selling grain tokens to cryptocurrency traders or transferring ownership of crops through a public market. Claims that the system could produce “faster approvals, lower costs or greater access to credit” remain potential outcomes that must be demonstrated during deployment, according to a statement shared with the original report.