Dimitra Partners with MANTRA to Tokenize Agricultural Assets on Blockchain
Dimitra has partnered with MANTRA to integrate real-world agricultural assets onto the blockchain. Key points include:
- The partnership aims to bring $1 billion worth of agricultural assets on-chain, starting with cacao in Brazil and carbon credits in Mexico.
- Currently, 25 out of 374 cocoa farmers in Brazil's Roraima region are participating in pilot projects.
- Investors will fund regenerative agricultural projects, with projected annual returns between 10-30%, though risks like pests and drought exist.
- Holders of MANTRA’s OM token will be able to invest in these projects within the next few months.
- MANTRA's OM token experienced a 90% drop in April but has stabilized around $0.34 since then.
- The partnership was agreed upon before the token's decline; Trask noted it was reassessed for long-term benefits.
- MANTRA has previously tokenized $500 million in real estate assets in the UAE.
Both companies emphasize traceability and transparency in solving food supply issues.