Maalexi, the company behind the Maalexi Agricultural Assets Token Exchange (MAATEX) and developer of what it describes as the world’s first regulated real-world asset agricultural exchange, has closed an oversubscribed $2.8m funding round.
The round was led by Tawuniya, a Saudi joint-stock company listed on the Saudi Exchange, alongside Global Ventures, a UAE-based venture capital firm that had previously served as Maalexi’s pre-Series A lead investor.
Maalexi’s platform is designed to bring greater verification, standardisation and transparency to cross-border agricultural trade.
Over 36 months of live operations across four markets, the UAE, Saudi Arabia, India and the United States, the company says it has built a verification and risk management layer for physical agricultural trade that has delivered measurable outcomes, including a 70% repeat customer rate and more than 4,000 smart contracts executed and recorded on the Avalanche L1 blockchain. The firm has also published three patents with the USPTO, with a further three under review for publication this year.
Maalexi contends that cross-border agricultural commodity markets have historically lacked a viable exchange structure owing to trade that has been fragmented, difficult to verify and nonstandardised.
The company provides a risk-native agricultural supply chain platform combining AI-driven trade intelligence, IoT-based asset monitoring and blockchain-enforced settlement. The system verifies commodities across storage and transit, dynamically prices risk, scores counterparties and executes legally binding contracts in real time.
Live transactions, verified inventory and operational warehousing are already running across the UAE, Saudi Arabia, India and Europe, with on-chain registry conducted via the Avalanche blockchain to make every trade transparent, auditable and settlement-final.
Tawuniya chief investment officer Fahad Bin Muammar said, “At Tawuniya, we back businesses that strengthen financial infrastructure and improve market resilience.
“Maalexi has built a disciplined, risk-focused platform that connects physical agricultural trade with emerging digital asset infrastructure. We believe its regulated exchange model can improve transparency, efficiency and market access across global agricultural trade.”
Maalexi co-founder and CEO Dr. Azam Pasha said, “This round marks an important milestone for Maalexi. Tawuniya’s leadership in this round reflects growing institutional confidence in our platform and in the opportunity to modernize agricultural trade infrastructure. Over the past three years, we have shown that physical agricultural trade can be verified, standardized and executed with lower risk. We are now building the exchange layer on top of that foundation.”
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