Layer 1 blockchain MANTRA has launched a startup accelerator program aimed toward advancing the tokenization of real-world belongings (RWAs), with backing from Google Cloud.
The initiative, dubbed RWAccelerator, affords startups funding, professional mentorship, AI-driven assets 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 house. The World Financial Discussion board estimates that by 2027, 10% of the world’s GDP — round $10 trillion — might be saved on blockchain networks, with RWAs enjoying a significant position on this shift.
“Our mission is basically to construct that bridge between type of the big, planetary scale companies that folks use and are acquainted with day by day, significantly people who find themselves not within the crypto house, 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 considered one of three tracks: infrastructure, tokenization or decentralized finance (DeFi). Profitable candidates will achieve entry to Google Cloud’s assets, together with cloud credit, technical help and workshops led by Google engineers. MANTRA’s personal workforce will supply steerage on the whole lot from good contracts and tokenomics to authorized compliance and market methods, the press launch mentioned.
“It is a highly effective alternative for startups to harness cutting-edge expertise and achieve entry to assets and mentorship,” mentioned John Patrick Mullin, CEO of MANTRA, in a press release. “With help from Google Cloud, this RWAccelerator will permit startups to achieve new heights and considerably contribute to the broader Web3 neighborhood.”
Purposes for the primary RWAccelerator cohort are open by way of 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 current approval for a Digital Asset Service Supplier (VASP) license from Dubai’s Digital Property Regulatory Authority (VARA), positioning it to supply alternate, broker-dealer and funding providers within the area.
Disclaimer: Elements of this text have been generated with the help from AI instruments and reviewed by our editorial workforce to make sure accuracy and adherence to our requirements. For extra info, see CoinDesk’s full AI Coverage.
