Layer 1 blockchain MANTRA has launched RWAccelerator, a startup accelerator program targeted on real-world asset (RWA) tokenization, with backing from Google Cloud. Introduced at Consensus Hong Kong, the initiative goals to drive blockchain adoption in sectors like actual property, monetary merchandise, and different belongings.
Startups can apply for one among three tracks: infrastructure, tokenization, or decentralized finance (DeFi). Chosen individuals will obtain funding, mentorship, and entry to Google Cloud’s AI-driven assets, technical help, and cloud credit. MANTRA’s crew will present steerage on good contracts, tokenomics, authorized compliance, and market methods.
With the World Financial Discussion board estimating that 10% of worldwide GDP ($10 trillion) could possibly be saved on blockchains by 2027, RWAccelerator is launching at an important time. “Our mission is to bridge conventional industries with blockchain, making it accessible to these exterior the crypto area,” mentioned Richard Widmann, World Head of Web3 Technique at Google Cloud.
John Patrick Mullin, CEO of MANTRA, emphasised this system’s potential, stating, “It is a highly effective alternative for startups to leverage cutting-edge expertise and mentorship. With Google Cloud’s help, RWAccelerator will assist drive Web3 innovation.”
Purposes for the primary cohort are open till March 20, 2025, with this system kicking off in Dubai in April. A second consumption begins the identical day the primary spherical closes.
The launch follows MANTRA’s current approval for a Digital Asset Service Supplier (VASP) license from Dubai’s Digital Assets Regulatory Authority (VARA), permitting it to supply change, broker-dealer, and funding companies within the area.
With robust backing and a concentrate on Web3 adoption, RWAccelerator is about to empower blockchain startups and drive RWA tokenization ahead.
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