Dimitra, a blockchain-based agricultural technology company, has joined forces with Layer 1 blockchain platform MANTRA to bring real-world agricultural assets on-chain. The partnership, announced at Bitcoin 2025 in Las Vegas, aims to tokenize a billion dollars worth of agricultural assets, beginning with cacao in Brazil and carbon credits in Mexico.
Jon Trask, Dimitra’s founder and CEO, revealed that the two pilot projects are currently small in scale. In Brazil, only 25 of the 374 cocoa farmers in the southern region of Roraima are signed up to participate. However, Trask emphasized that these projects could be expanded “indefinitely” with sufficient investor interest.
This collaboration will enable MANTRA holders to invest directly in smallholder farmers, funding regenerative agricultural projects. The blockchain technology will ensure traceability and verifiability of these investments. Trask projected that investors could see annual returns between 10-30%, although he cautioned that these figures are based on preliminary modeling and that agricultural risks such as pests and drought could impact yields.
Dimitra is still integrating the two pilot programs with MANTRA, but Trask expects that holders of MANTRA’s native OM token will be able to invest in the projects within the next couple of months. This partnership comes on the heels of a significant setback for MANTRA, whose OM token plummeted 90% in a flash-crash in April. Since then, the token has hovered around $0.34, far below its peak of $8.47 in February.
Trask admitted that the crash initially gave him pause, but ultimately, he decided to move forward with the partnership. He cited MANTRA’s strong team, sound real-world asset (RWA) development, and their virtual asset service provider (VASP) license granted by Dubai’s Virtual Asset Regulatory Authority (VARA) as key factors in his decision. MANTRA has previously tokenized $500 million worth of real estate in the United Arab Emirates for a Dubai-based real estate group.
The implications of this partnership are significant. By tokenizing agricultural assets, Dimitra and MANTRA are paving the way for increased investment in smallholder farmers and regenerative agricultural projects. This could lead to improved food supply chains, greater transparency, and enhanced traceability. Moreover, it could provide investors with new opportunities for diversification and potential returns.
John Patrick Mullin, CEO of MANTRA, echoed these sentiments in a press release, stating, “Tokenizing agriculture isn’t just about innovation, it’s about finding solutions to real-world issues long associated with food supply — at scale — and for long-term impact. Dimitra is solving real-world problems, with a focus on traceability and transparency — and we’re proud to help bring those to a wider audience. MANTRA Chain was built to support projects like these.”
As the world grapples with the challenges of climate change and food security, partnerships like this one between Dimitra and MANTRA could play a crucial role in driving sustainable and regenerative agricultural practices. By leveraging blockchain technology, they are creating a more transparent, traceable, and investable agricultural sector.