Ascend is a new accelerator designed to support startups involved in the tokenization of real-world assets (RWAs). The program focuses on providing qualified assistance and funding to early-stage startups.
Support for Tokenization Startups
The Ascend accelerator, backed by players like Galaxy Ventures, OKX, and Anchorage Digital, is launching a program for teams that already have live products in the area of tokenized assets. The program lasts nine weeks and will accommodate six to eight teams, providing mentorship and access to a $500,000 funding pool.
Market for Tokenized Assets
According to industry data, the total volume of tokenized real assets reached $25.5 billion by mid-2025, marking over 260% growth in six months. Traditional financial institutions such as BlackRock and Franklin Templeton are actively entering the market, increasing the volume of tokenized assets.
Challenges and Issues of Tokenization
Despite the growing interest in tokenization, there are serious challenges including regulatory uncertainty and low secondary market liquidity. Ascend plans to finalize team selections by August 22, with the program concluding on October 30 with a demo day showcasing startups’ progress.
Ascend is more than just a conventional startup incubator. It aims to create a sustainable infrastructure and attract institutional investments in the growing market of tokenized assets, whose total volume continues to rise significantly.
