MANTRA Chain Announces Launch Of Real-World Asset Accelerator Supported by Google Cloud

RWAccelerator is a start-up accelerator program created by MANTRA, a layer 1 blockchain specifically made for tokenized real-world assets (RWAs). Its goal is to provide builders and companies with investment cash, mentors, specialized AI help, and other resources.

The RWAccelerator initiative, sponsored by Google Cloud, will concentrate on companies very interested in tokenizing real-world assets, such as financial goods, alternative assets, and real estate.

The program was designed to spur development, innovation, and adoption in what is turning out to be a critical moment for the space. According to World Economic Forum projections, by 2027, 10% of global GDP, or around $10 trillion, will be kept on blockchain networks. Real-world assets (RWAs) will be a key component of this shift.

Infrastructure, tokenization, and DeFi are the three themed tracks available to applicants to the RWAccelerator. They will undergo a rigorous screening procedure to find creative builders, start-ups, and entrepreneurs for this exceptional opportunity. The Google for Startups Cloud initiative, which grants access to Google Cloud resources like cloud credits, technical assistance, and workshops conducted by Google experts, will help a chosen number of initiatives.

Members of the MANTRA team will be on hand to assist accelerator participants. The team provides guidance and assistance in a variety of areas, including legal and compliance, market maker selection, listing procedures, tokenomics, smart contracts, and more.

“This is a powerful opportunity for startups to harness cutting-edge technology and gain access to resources and mentorship,” said John Patrick Mullin, CEO of MANTRA. “With support from Google Cloud, this RWAccelerator will allow startups to reach new heights and significantly contribute to the wider Web3 community.”

Joining Mullin on-stage at Consensus to announce the launch of the RWAccelerator, Richard Widdman said, “We’re excited to collaborate with MANTRA to support the next wave of innovative Web3 startups focused on tokenizing real-world assets. By providing access to Google Cloud’s infrastructure and expertise, we aim to create an environment where these startups can truly thrive, experiment, and push the boundaries of what’s possible in the Web3 space.”

Applications for the RWAccelerator’s first intake are being taken at www.mantrachain.io/ecosystem/RWAccelerator from now until March 20, 2025. The three-month program will start with an in-person summit in Dubai, and selected participants will be informed by April 1. On March 20, 2025, applications will be accepted for the second intake.

Following MANTRA’s successful acquisition of a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), which allows it to function as a Virtual Asset Exchange and offer Broker-Dealer, Management, and Investment Services, the RWAccelerator was launched. Under VARA’s recently initiated DeFi pilot initiative, the VASP license is the first to be granted.