Maalexi Closes $2.8M Funding Round

Maalexi, the company behind the Maalexi Agricultural Assets Token Exchange (MAATEX), has closed an oversubscribed $2.8 million funding round. The round was led by Tawuniya Insurance Company, a Saudi joint-stock company, and included participation from returning backer Liquefied natural gas and strategic angel investors like Musaab Hakami. Maalexi is developing the world's first regulated real-world asset agricultural exchange, aiming to bring greater verification, standardization, and transparency to cross-border agricultural trade. Over 36 months of live operations across the United Arab Emirates, Saudi Arabia, India, and the United States, Maalexi has built a verification and risk management layer for physical agricultural trade, executing over 4,000 smart contracts recorded on the Avalanche L1 blockchain and publishing three patents with the United States — United States Patent and Trademark Office. This investment will enable Maalexi to expand its regulated exchange infrastructure and modernize agricultural trade.