In New York, leading figures from fintech and the crypto industry have announced the launch of a new accelerator called Ascend, aimed at supporting startups working with real world assets.
Structure and Support of the Accelerator
Ascend is backed by a coalition of organizations including Plume, Galaxy Ventures, and Anchorage Digital. Participants will receive mentorship and strategic support in key growth areas such as product architecture and fundraising strategies.
> "Real world assets are becoming core infrastructure for digital markets. At Galaxy, we believe supporting early founders with institutional-level guidance is essential to unlocking this next phase of growth," said Will Nuelle, General Partner at Galaxy Ventures.
Participation Conditions
To participate in the accelerator, startups must have a live product and early traction. The program offers tailored support in areas like real world asset tokenization, legal structuring, and go-to-market strategies. Applications are open until August 18, 2025.
Significance of Real World Assets for the Financial Sector
With growing interest from institutional investors, the real economy seeks more transparent and efficient capital solutions. Real world assets are moving beyond speculation and taking on strategic roles in the economy.
> "We are meeting this need by working together to develop the next generation of RWA leaders, equipping them with experience and access to resources," said Chris Yin, CEO of Plume.
The launch of the Ascend accelerator offers unique opportunities for startups working with real world assets, a sector that is becoming increasingly relevant amidst rapid technological advancement and the digitalization of finance.
