Dimitra Pushes Ahead With Blockchain Agriculture Plans on MANTRA Despite OM Token Turmoil

Agricultural blockchain firm Dimitra is moving forward with its collaboration with MANTRA, undeterred by the sharp decline of the OM token earlier this year, citing the blockchain project’s regulatory credentials as a key pillar of confidence.

Speaking at Bitcoin 2025 in Las Vegas, Dimitra CEO Jon Trask said the company is piloting two on-chain agriculture initiatives with MANTRA: cacao farming in Brazil and carbon credit generation in Mexico. These initial efforts are part of a larger vision to tokenize $1 billion worth of agricultural assets on MANTRA’s infrastructure.

In Brazil, just 25 farmers from the country’s southern Roraima region—a zone known as the “cocoa pole”—have signed on to the project so far. But Trask described the pilot as “a seed for expansion,” dependent on investor appetite.

Through this partnership, holders of MANTRA’s OM token will soon be able to invest directly in regenerative agriculture, with blockchain ensuring visibility and verification of funding and outcomes. Trask noted expected annual returns could range between 10% and 30%, though he emphasized the risks tied to agriculture such as unpredictable weather and pests.

While integration is still underway, Trask said the first tokenized opportunities for investors should arrive “within a couple of months.”

The announcement comes just weeks after MANTRA’s OM token suffered a violent 90% flash crash, dropping from $8.47 to around $0.34. Despite the volatility, Trask said the partnership was forged months before the crash, and although the plunge prompted a temporary reassessment, Dimitra ultimately stood by the deal.

“We paused and reevaluated everything,” Trask told CoinDesk. “But their fundamentals—especially the regulatory licensing and commitment to real-world assets—remained intact.”

That license, granted by Dubai’s Virtual Asset Regulatory Authority (VARA), was central to Dimitra’s decision to continue. Trask also pointed to MANTRA’s track record, including $500 million in tokenized real estate in the UAE, as evidence of its ability to execute in the RWA space.

MANTRA CEO John Patrick Mullin echoed the sentiment in a press release, saying, “This partnership exemplifies what MANTRA Chain was built for—bridging blockchain with real-world value to address pressing global issues like sustainable agriculture.”

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