MANTRA, a Layer-1 blockchain, has announced the launch of RWAccelerator supported by Google Cloud, aimed at supporting startups in real-world asset tokenization.
RWAccelerator: New Support for Startups
The RWAccelerator program aims to fund, mentor, and support early startups focusing on real-world asset tokenization. Google Cloud, the program's key partner, provides resource and technical support. The program aligns with the growing RWA market, projected by the World Economic Forum to reach 10% of global GDP by 2027.
Three Program Tracks
RWAccelerator offers three tracks for startups: building infrastructure for RWA tokenization, digitizing real-world assets like real estate and financial instruments, and developing DeFi applications to enhance liquidity and lending. Each application undergoes a rigorous selection process to identify innovative ideas.
Google Cloud's Role in Supporting Startups
Google Cloud powers RWAccelerator, offering cloud credits, technical workshops, and support. The partnership aims to create an environment where startups can thrive, push boundaries, and innovate in the Web3 space.
RWAccelerator is open for applications until March 20, 2025. Participants will be notified on April 1, 2025, and will start the three-month program with a summit in Dubai. MANTRA aims to support the development of a multi-trillion-dollar RWA economy, bridging traditional finance with blockchain technology.
