PRESS RELEASE | Hygrotech East Africa Successfully Completes First Agricultural Transaction Using Europe-Backed Digital Assets (EURC) on AgriDex

The South African virtual asset exchange, AgriDex, has facilitated the importation of 7 million onion seeds from Bakker Brothers (Netherlands), marking a milestone in the use of digital finance infrastructure to support agricultural trade. Of these, 5 million seeds were purchased by Mombasa Cement, a large scale farming project.

The programme [behind this initiative] strengthens domestic food production.

Technology Enabling Food Security

• Loam by AgriDex allows agricultural businesses to exchange regulated digital assets, removing many of the barriers associated with traditional cross-border systems.
• By using EURC, a MiCA-compliant virtual asset regulated under the EU’s Markets in Crypto-Assets framework, Hygrotech was able to complete the transaction securely and efficiently, enabling faster access to essential inputs at lower cost.
• The initiative demonstrates how digital exchanges can be used responsibly within Kenya’s evolving virtual asset framework to support critical sectors like agriculture

Strategic Importance

• Blueprint for regional trade: The successful use of Loam by Agridex to facilitate a virtual asset exchange sets a precedent for other agribusinesses and international suppliers engaging in African markets.
• Strengthening local production: Onion shortages and import dependence have been a recurring issue in Kenya, this initiative contributes to national food security by improving domestic supply chains.
• Alignment with policy: The transaction demonstrates how virtual asset infrastructure can operate in line with Kenya’s evolving regulatory direction under the Capital Markets Authority (CMA), which has been instrumental in enabling responsible innovation through its Regulatory Sandbox. The CMA sandbox framework allows companies like Agridex to pilot and scale digital finance solutions within a controlled environment, ensuring compliance and consumer protection. The development also aligns with the newly enacted Virtual Assets and Service Providers (VASP) Act, which received Presidential Assent on 15th October 2025, establishing a comprehensive legal framework for virtual assets and positioning Kenya as a regional leader in fostering safe, transparent, and innovation-driven digital markets.

In summary, this marks a landmark use of regulated virtual asset exchange technology to enhance agricultural trade and food security, showing how Loam by Agridex bridges the gap between global agribusiness and local farming communities.

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