Dimitra, an agricultural technology company based on blockchain, has teamed up with the mantra of the layer 1 blockchain platform to provide real world chain agricultural assets.
Jon Trask, founding CEO of Dimitra, told Coindesk at Bitcoin 2025 in Las Vegas last week that the partnership aims to finally bring a billion dollars of agricultural assets, starting with cocoa in Brazil and carbon credits in Mexico, on Mantra’s blockchain.
Trask added that the two pilot projects with Mantra are currently on a small scale – in Brazil, only 25 of the 374 cocoa producers of the so -called “cocoa pole” in Brazil in the southern Roraima region are currently registered to participate – but could be extended “indefinitely” with sufficient interest in investors.
Thanks to the partnership, mantra holders will be able to invest directly in small operators, providing funding for a variety of regenerative agricultural projects in a way that is made traceable and verifiable by the blockchain. Trask estimated that investors could see between a return of 10 to 30% on their investments each year, which he clarified was a fork projected according to preliminary modeling-with agriculture is risks like pests and drought that could have an impact on yield, he added.
Trask said Dimitra was still in the process of joining the two pilot programs in Mantra, but expects the Om native token of Mantra to invest in projects in the next two months.
Dimitra’s announcement comes a month after Mantra was shot. His OM token dropped 90% in a flash-crness in April. Since the crash, OM has oscillated about $ 0.34 – far from its height of $ 8.47 in February.
When asked why Dimitra had advanced in partnership with Mantra after the fallout, Trask said that the agreement had preceded the accident, but admitted that he had initially given him a break.
“We concluded the agreement several months ago,” Trask told Coindesk. “Then they had their accident, and we all paused to reassess to make sure that we make the best decisions for the long -term profit of the community and projects in the midst of a volatility period.”
But in the end, Trask decided to move forward with the partnership, saying to Coindesk that, when the dust has settled, he has always found the fundamental reasons for the partnership to be true: Mantra had a strong team, he said, the development of real assets (RWA) was solid, and it was impressed by their virtual active service authority (VAP), welcomed by Dubai.
Mantra has carried out a certain number of RWA tokenization projects in the Middle East, in particular for $ 500 million in real estate in the United Arab Emirates (water) for a real estate group based in Dubai.
“Tokenizing agriculture is not only a question of innovation, it is a question of finding solutions to real problems long associated with food supply – on a large scale – and for a long -term impact,” said John Patrick Mullin, CEO of Mantra, in a press release shared with Coindesk. “Dimitra solves the problems of the real world, emphasizing traceability and transparency – and we are proud to help them bring them to a wider audience. The Mantra channel was designed to support projects like these. ”
