Busan Digital Asset Exchange Launches First Coffee-Backed RWA Product on July 12

COFFEE-1.01%
According to Dailian, on July 12, Busan Digital Asset Exchange launched its first domestic RWA product backed by coffee beans through its Bdan platform. The 'e-Coffee' product, based on Brazil Cerrado NY2 Arabica coffee, is tradeable in units as small as 0.1 kg, with physical exchange available for holdings of 20 kg or more. The move comes as arabica coffee futures prices surged approximately 40% over the past month, with September contracts reaching $3.47 per pound on July 9, reflecting heightened volatility driven by climate-related production disruptions.
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