The Ascend accelerator was launched to support startups working with real world assets and seeking institutional recognition.
Goals and Structure of the Ascend Program
Ascend is a new elite accelerator aimed at startups involved in real world assets (RWA) with live products. According to a press release, the program is supported by companies such as Odisea, Plume, Galaxy Ventures, and Anchorage Digital. Only six to eight teams will be selected for the first cohort, highlighting its high standards. Participants will receive hands-on mentorship from experts with experience scaling billion-dollar platforms and access to a curated network of investors and regulators.
Importance of Real-World Asset Tokenization
Ascend launches at a pivotal moment for real world asset tokenization, which has become a primary bridge between blockchain technology and traditional finance. The RWA market has nearly quintupled since 2022; however, its infrastructure remains fragmented, creating compliance challenges. The Ascend program aims to bridge this gap by targeting teams already navigating practical asset tokenization projects.
Prospects of Tokenized Assets in the Market
The recent growth of tokenized assets, such as U.S. Treasuries, showcases the vast potential of the RWA sector. What started as a niche of $100 million in 2023 has ballooned into a $7.5 billion market dominated by companies like BlackRock and Franklin Templeton. These products are already attracting real capital by addressing specific challenges, such as eliminating settlement delays and automating compliance.
The success of the Ascend accelerator will depend on its ability to provide answers to questions about safe and effective asset tokenization, supporting startups in developing their products and strategies.
