Layer 1 blockchain MANTRA has launched a startup accelerator program geared toward advancing the tokenization of real-world belongings (RWAs), with backing from Google Cloud.
The initiative, dubbed RWAccelerator, provides startups funding, knowledgeable mentorship, AI-driven sources and technical help as they construct options in sectors like actual property, monetary merchandise and various belongings, the businesses introduced at Consensus Hong Kong.
The RWAccelerator comes at a pivotal time for the tokenized asset area. The World Financial Discussion board estimates that by 2027, 10% of the world’s GDP — round $10 trillion — could possibly be saved on blockchain networks, with RWAs taking part in a significant function on this shift.
“Our mission is de facto to construct that bridge between form of the big, planetary scale companies that individuals use and are aware of each day, notably people who find themselves not within the crypto area, and create that on ramp for these of us,” mentioned Richard Widmann, world head of Web3 technique at Google Cloud, at Consensus Hong Kong.
Startups can apply for one in every of three tracks: infrastructure, tokenization or decentralized finance (DeFi). Profitable candidates will achieve entry to Google Cloud’s sources, together with cloud credit, technical help and workshops led by Google engineers. MANTRA’s personal staff will supply steerage on every thing from sensible contracts and tokenomics to authorized compliance and market methods, the press launch mentioned.
“This can be a highly effective alternative for startups to harness cutting-edge expertise and achieve entry to sources and mentorship,” mentioned John Patrick Mullin, CEO of MANTRA, in an announcement. “With help from Google Cloud, this RWAccelerator will permit startups to achieve new heights and considerably contribute to the broader Web3 group.”
Functions for the primary RWAccelerator cohort are open by March 20, 2025, with this system kicking off in Dubai in April. A second consumption is scheduled to open the identical day the primary spherical closes.
The launch of the accelerator follows MANTRA’s latest approval for a Digital Asset Service Supplier (VASP) license from Dubai’s Digital Property Regulatory Authority (VARA), positioning it to supply change, broker-dealer and funding providers within the area.
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