The Mantra Blockchain of layer 1 has launched a start -up accelerator program to advance the tokenization of active world (RWAS), with the support of Google Cloud.
The initiative, nicknamed Rwaccelerator, proposes financing for startups, mentoring of experts, AI -focused resources and technical support when they create solutions in sectors such as real estate, financial products and Alternative assets, companies announced at Consensus Hong Kong.
The Rwaccelerator arrives at a pivotal moment for the tokenized asset space. The World Economic Forum estimates that in 2027, 10% of world GDP – around 10 billions of dollars – could be stored on blockchain networks, RWA play a major role in this change.
“Our mission is really to build this bridge between large companies on a planetary scale that people use and know every day, especially people who are not in cryptographic space, and create this on the ramp for these people”, said Richard Widmann, a world leader in web3 strategy at Google Cloud, at Consensus Hong Kong.
Startups can request one of the three tracks: infrastructure, tokenization or decentralized finance (DEFI). The candidates selected will have access to Google Cloud resources, including cloud credits, technical support and workshops led by Google Engineers. Mantra’s own team will offer advice on everything, smart contracts and tokenomics to legal compliance and market strategies, according to the press release.
“This is a powerful opportunity for startups to exploit advanced technology and access resources and mentoring,” said John Patrick Mullin, CEO of Mantra, in a press release. “With the support of Google Cloud, this rwaccelerator will allow startups to reach the possibility of reaching new heights and contributing considerably to the wider web3 community.”
Applications for the first Rwaccelerator cohort are open until March 20, 2025, the program started in Dubai in April. A second contribution should open the same day as the first round ends.
The launch of the accelerator follows Mantra’s recent approval for a Virtual Asset Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA) of Dubai, positioning it to offer exchanges, broker and services investment in the region.
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