Palmyra is a blockchain-powered platform developed by zenGate Global, focused on revolutionizing global commodity trading through Real-World Asset (RWA) tokenization, end-to-end traceability, and transparent supply chains. Built primarily on the Cardano blockchain (with some cross-chain elements on Ergo and BNB), it bridges underserved commodity markets especially in emerging economies with modern blockchain efficiency, compliance tools, and direct market access.
It's designed as a "one-stop-shop" for producers, cooperatives, exporters, buyers, and regulators to connect, transact, and settle trades securely. Key products include:
Palmyra.app: B2B marketplace for listing, trading, and settling traceable commodities.
Palmyra Pro: Enterprise-grade tool for compliance (e.g., EUDR—EU Deforestation Regulation), supply chain management, offline-first data capture, GPS validation, biometrics, and verifiable credentials.
The Power of Palmyra (Key Strengths)
Real-World Adoption Focus: Boots-on-the-ground implementation in countries like Nigeria (onboarding thousands of cocoa farmers for traceable, EUDR-compliant cocoa), Sri Lanka (tea, spices), Zambia (beehives/honey), Nepal, Indonesia, Argentina, and more. Recent updates (December 2025) show active onboarding of 1,500+ Nigerian cocoa farmers, mapping farms, issuing decentralized IDs—all powered transparently on Cardano without users needing to know blockchain details.
Traceability & Compliance: Creates a "single source of truth" with immutable on-chain records, QR codes for consumers, and tools for regulations like EUDR/GDPR.
RWA Tokenization: Tokenizes commodities (e.g., cocoa batches as NFTs for quality distinctions) for spot/futures trading, financing, and global access.
Inclusive Design: Offline-first for low-connectivity areas, simple field-agent apps—making it usable for non-tech-savvy farmers.
Partnerships: Collaborations with Chainlink (oracles), World Mobile, governments, and associations (e.g., Tea Association of Sri Lanka).
Native Token ($PALM): Utility token on Cardano (also rsPALM on BNB). Used for fees, rebates (revenue recycled to stakers), governance, and incentives. Distributed via ISPO (Initial Stake Pool Offering) and IDOs. Current price (as of December 2025): ~$0.0007 USD, with mechanics like burns and treasury funding.