MANTRA Launches Startup Accelerator for Real-World Asset Tokenization
The Layer 1 blockchain platform, MANTRA, has officially unveiled a new startup accelerator program designed to propel the tokenization of real-world assets (RWAs). This initiative, known as RWAccelerator, has garnered support from Google Cloud, marking a significant collaboration in the blockchain space. The program aims to equip startups with essential resources, including funding, expert mentorship, AI-driven tools, and comprehensive technical support as they develop innovative solutions across various sectors such as real estate, financial products, and alternative assets. This announcement was made during the Consensus Hong Kong event.
The RWAccelerator launch comes at a critical juncture for the tokenized asset market. According to estimates from the World Economic Forum, by 2027, approximately 10% of the world’s GDP—around $10 trillion—could be stored on blockchain networks, with RWAs playing a pivotal role in facilitating this transformation.
Richard Widmann, the global head of Web3 strategy at Google Cloud, emphasized the program’s mission at Consensus Hong Kong: “Our goal is to build a bridge between large, globally recognized businesses that people interact with daily, particularly those who are not yet familiar with the crypto space, and to create an accessible on-ramp for them.”
Startups interested in participating can apply under one of three specific tracks: infrastructure, tokenization, or decentralized finance (DeFi). Successful applicants will benefit from Google Cloud’s vast resources, which include cloud credits, dedicated technical support, and hands-on workshops led by Google engineers. Additionally, MANTRA’s experienced team will provide invaluable guidance on various aspects of startup development, ranging from smart contract creation and tokenomics to legal compliance and effective market strategies.
John Patrick Mullin, the CEO of MANTRA, stated, “This is a powerful opportunity for startups to leverage cutting-edge technology and access a wealth of resources and mentorship. With the backing of Google Cloud, the RWAccelerator will empower startups to achieve new heights and make a significant impact within the broader Web3 community.”
Applications for the inaugural cohort of the RWAccelerator are open until March 20, 2025, with the program set to commence in Dubai in April. A subsequent intake will open on the same day that the first round concludes.
The launch of this accelerator follows MANTRA’s recent achievement in securing a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), positioning the company to offer a range of services including exchange operations, broker-dealing, and investment services within the region.
Disclaimer: Portions of this article were generated with the assistance of AI tools and have been meticulously reviewed by our editorial team to ensure accuracy and compliance with our standards. For further information, please refer to CoinDesk’s complete AI Policy.
