Harvest becomes asset.
Asset becomes market.
A soy producer in Mato Grosso documents the lot, locks collateral in VEX and lists on the market. A buyer in São Paulo sees the report, field photos, price and deadline. Buys directly on XRPL, no cooperative, no trading desk, no broker. At maturity, requests delivery and receives the real product.
Agriculture moves $8 trillion per year. Small producers are left out.
Expensive intermediation
Cooperative, trading desk, broker, bank. Everyone takes a cut. The producer who planted the soy receives less, the buyer who needs it pays more. The margin disappears along the way.
Closed market
A producer in rural Mato Grosso sells to whoever shows up at the door. No access to buyers from SP, MG, or exporters. Liquidity dies in the region and the price is whatever they can get.
Zero transparency
Buyer doesn't see the report, doesn't see field photos, doesn't know real productivity. Producer doesn't know who wants to buy or at what price. Both operate in the dark.
VALYRIA tokenizes future harvests on XRPL. The producer issues a contract with technical report, GPS, photos and productivity history. The buyer analyzes everything on-chain before entering. Price is discovered by the market — order book, AMM with real-time price oracles, settlement in seconds. At maturity, the contract becomes a tracked physical delivery. Dispute? The DAO resolves it.
From field to contract, from contract to physical delivery.
Onboarding
Facial KYC, documents, land ownership proof
Documentation
Report, GPS, photos, history + VEX collateral
Token issued
Semi-fungible token on XRPL order book
Market
Order book, AMM, real-time price oracles
Delivery
Redeem, bilateral escrow, token burned
Onboarding
Facial KYC, documents, land ownership proof
Documentation
Report, GPS, photos, history + VEX collateral
Token issued
Semi-fungible token on XRPL order book
Market
Order book, AMM, real-time price oracles
Delivery
Redeem, bilateral escrow, token burned
What the producer does
- 1Registers with facial recognition and documentation
- 2Submits harvest proofs: reports, GPS, photos, history
- 3Acquires VEX and locks minimum 10% as collateral
- 4Creates offer: commodity, quantity, price, deadline
- 5Semi-fungible token is issued automatically
- 6Tracks orders and receives bids on the book
What the buyer does
- 1Registers and acquires VEX to operate
- 2Browses the book by commodity, price, deadline and reputation
- 3Accepts the listed price or proposes a bid
- 4Holds the token until maturity or resells on secondary market
- 5At maturity, requests delivery and confirms receipt
What happens at maturity.
Problem with delivery? The DAO governance mechanism is triggered. VEX staking holders vote on the resolution. Penalty via slashing proportional to the offender's stake.
The four protocol assets and what each one does.
Protocol utility token. Producer locks as collateral (minimum 10% of lot), buyer pays transaction fee, holder stakes and votes in the DAO. Dynamic minting and burning keep the price stable.
Semi-fungible token representing a commodity lot. Carries product, region, harvest, grade and maturity date. Can be traded on the XRPL native DEX or swapped for tokens of other commodities via AMM.
NFT that anchors all lot documentation: technical report, geolocated photos, planting records, GPS coordinates, productivity history. Stored on IPFS. Verifiable by any buyer.
The physical delivery mechanism. Buyer opens a request, bilateral escrow locks tokens and values, producer delivers with tracking, buyer confirms receipt. Token burned, payment released.
Three profiles operate on VALYRIA.
Producers
Medium and small producers who today have no access to hedging or early commercialization. Documents the lot with reports and GPS, locks collateral in VEX and sells to buyers from anywhere in the country.
Buyers and investors
Analyzes technical report, geolocated photos, producer history and real-time price. Buys the token and holds until delivery or resells on the secondary market whenever they want.
Liquidity providers
Deposits token pairs in AMM pools (e.g. VEX/MLH) and receives proportional fees from each transaction. The AMM ensures counterparty even in low-volume markets.
Who builds VALYRIA.
UDAX 2026 participants.
Technical mentorship from XRPL builders.
Structured program and FGV Digital Finance academic network.
Pitch to investors at Ripple SP. June 2026.
Direct access to funds investing in XRPL.
See VALYRIA in action.
The agricultural market will change.
The question is when.
VALYRIA is being built in the UDAX 2026 program with mentorship from Ripple and FGV. Demo Day in June at Ripple's office in SP.
Documentation