3 months ago
Layer 1 blockchain MANTRA has launched a startup accelerator programme aimed astatine advancing the tokenization of real-world assets (RWAs), with backing from Google Cloud.
The initiative, dubbed RWAccelerator, offers startups funding, adept mentorship, AI-driven resources and method enactment arsenic they physique solutions successful sectors similar existent estate, fiscal products and alternate assets, the companies announced astatine Consensus Hong Kong.
The RWAccelerator comes astatine a pivotal clip for the tokenized plus space. The World Economic Forum estimates that by 2027, 10% of the world’s GDP — astir $10 trillion — could beryllium stored connected blockchain networks, with RWAs playing a large relation successful this shift.
"Our ngo is truly to physique that span betwixt benignant of the large, planetary standard businesses that radical usage and are acquainted with each day, peculiarly radical who are not successful the crypto space, and make that connected ramp for those folks," said Richard Widmann, planetary caput of Web3 strategy astatine Google Cloud, astatine Consensus Hong Kong.
Startups tin use for 1 of 3 tracks: infrastructure, tokenization oregon decentralized concern (DeFi). Successful applicants volition summation entree to Google Cloud’s resources, including unreality credits, method enactment and workshops led by Google engineers. MANTRA’s ain squad volition connection guidance connected everything from astute contracts and tokenomics to ineligible compliance and marketplace strategies, the property merchandise said.
"This is simply a almighty accidental for startups to harness cutting-edge exertion and summation entree to resources and mentorship,” said John Patrick Mullin, CEO of MANTRA, successful a statement. “With enactment from Google Cloud, this RWAccelerator volition let startups to scope caller heights and importantly lend to the wider Web3 community."
Applications for the archetypal RWAccelerator cohort are unfastened done March 20, 2025, with the programme kicking disconnected successful Dubai successful April. A 2nd intake is scheduled to unfastened the aforesaid time the archetypal circular closes.
The motorboat of the accelerator follows MANTRA’s caller support for a Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA), positioning it to connection exchange, broker-dealer and concern services successful the region.
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