Dimitra, a blockchain-based agricultural technology company, has collaborated with LAG 1 blockchain platform mantra to bring the real world agricultural assets to chain.
Jon Trask, Dimitra’s founder CEO, told Coindesk at Bitcoin 2025 in Las Vegas last week that the partnership is aiming to eventually bring a billion dollars value of agricultural assets, starting with cocoa in Brazil and carbon credits in Mexico, on the mantra’s blockchain.
Trask added that the two pilot projects with mantra are currently small in the scale-in Brazil are only 25 of the 374 cocoa farmers in Brazil’s so-called “Kakaapol” in the southern region of Roraima currently signed up to participate but be able to extend “indefinitely” with adequate investor interest.
Through the partnership, mantra holders will be able to invest directly in small farmers, providing funding for a number of regenerative agricultural projects in a way that is made traceable and verifiable by blockchain. Trask estimated that investors could see between a 10-30% return on their investments annually, which he clarified was AA-expected range based on a preliminary modeling-with farming, risks such as pests and droughts, which could affect the yield, he added.
Trask said that Dimitra is still in the process of integrating the two pilot programs with mantra, but expects that holders of Manta’s original whether the token will be able to invest in the projects within the next few months.
Dimitras Notice comes a month after Mantra took a Christmas. Its about-token fell 90% in a flash crash in April. Since the crash has hovered about $ 0.34 – far from its height of $ 8.47 in February.
When asked why Dimitra went on with a partnership with mantra after the fall, Trask said the deal in advance dated the crash, but admitted that it initially gave him a break.
“We signed the agreement many months ago,” Trask told Coindesk. “Then they had their crashes and we all took a break to reassess to make sure we made the best decisions for the long -term advantage of society and projects in the midst of a volatility time.”
But in the end, Trask decided to move on with the partnership and tell Coindesk that when the dust settled, he still found the basic reasons why the partnership should hold true: Mantra had a strong team, he said, the active (RWA) development of the real world was healthy, and he was impressed with their virtual asset service provider (VASP) License, awarded by Dubai’s Virtual Aset Regulator in years.
Mantra has carried out a number of RWA-tokenization projects in the Middle East, including tokenization of $ 500 million worth of real estate in the United Arab Emirates (UAE) for a Dubai-based real estate group.
“Tokenization of agriculture is not just about innovation, it’s all about finding solutions to real world problems that are long associated with food supply-in-scale and for long-term influence,” said John Patrick Mullin, CEO of Mantra, in a press release shared with Coindesk. “Dimitra solves problems in the real world focusing on traceability and transparency-and we are proud to help bring them to a wider audience. Mantry chain was built to support projects like these.”
