Mantra has launched the program for real-world asset startups with Google Cloud support
The Layer 1 Blockchain Mantra has launched a Startup Accelerator program aimed at promoting the tokenization of real-world assets (RWAs), with backing from Google Cloud.
The initiative, called the RWACCLERATOR, offers funding of startups, specialized mentorship, resources driven by AI and technical support as they build solutions to sectors such as real estate, financial products and alternative owned, companies announced at Consensus Hong Kong.
The Rwaccelerator arrives at an important time for the tokenized space of the owner. THE WORLD ECONOMIC FORUM It is estimated that by 2027, 10% of GDP worldwide – around $ 10 trillion – can be stored on blockchain networks, with RWA playing a major role in this change.
“Our mission is to actually build that bridge between the kind of big, planet businesses that people use and familiar with the sun -day, especially people who are not in the crypto space, and created it in the ramp For those people, “said Richard Widmann, Global Head of Web3 Strategy at Google Cloud, in Consensus Hong Kong.
Startups can apply for one of three tracks: infrastructure, tokenization or decentralized finance (DEFI). Successful applicants will gain access to Google Cloud resources, including cloud credits, technical support and workshops chaired by Google Engineers. Mantra’s own team will offer guidance to everyone from intelligent contracts and tokenomics to legal compliance and market techniques, the press release said.
“This is a powerful opportunity for startups to use cutting technology and gain access to the new height and significantly contributes to the wider web3 community.”
Applications for the first Rwaccelerator Cohort will be open until March 20, 2025, with the program that kicked in Dubai in April. A second use is set to open the same day the closure of the first rotation.
The accelerator launch complies with the recent mantra approval for a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), which is positioning it to offer exchange, broker-dealer and regional investment services.
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