It aims to enhance cross-border trade by improving verification, standardisation, and transparency.
Maalexi, the company behind the Maalexi Agricultural Assets Token Exchange (MAATEX), has announced the close of an oversubscribed funding round led by Tawuniya, a Saudi joint-stock company listed on the Saudi Exchange (Tadawul: 8010), and Global Ventures, a UAE-based venture capital firm and Maalexi’s pre-Series A lead investor.
Maalexi is developing what it describes as the world’s first regulated real-world asset (RWA) agricultural exchange, designed to improve verification, standardisation, and transparency in cross-border agricultural trade.
“At Tawuniya, we back businesses that strengthen financial infrastructure and improve market resilience,” said Fahad Bin Muammar, Chief Investment Officer of Tawuniya.
“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.”
“This funding round marks an important milestone for Maalexi,” said Dr. Azam Pasha, Co-founder and CEO of Maalexi.
“Tawuniya’s leadership reflects growing institutional confidence in our platform and the opportunity to modernise agricultural trade infrastructure. Over the past three years, we have demonstrated that physical agricultural trade can be verified, standardised, and executed with lower risk. We are now building the exchange layer on top of that foundation.”
Over 36 months of live operations, Maalexi has built a verification and risk management layer for physical agricultural trade, reporting measurable results across four markets—the UAE, Saudi Arabia, India, and the United States—including a 70% repeat customer rate and more than 4,000 smart contracts executed, recorded on the Avalanche L1 blockchain. The company has also published three patents with the USPTO, with three more currently under review this year.
Maalexi says this operational base underpins its exchange model. It argues that cross-border agricultural commodity markets have historically lacked a viable exchange framework due to fragmented supply chains, limited verification, and a lack of standardisation in physical trade.
