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MANTRA Launches Startup Accelerator Program with Google Cloud to Advance Tokenization of Real-World Assets (RWAs)

MANTRA, a Layer 1 blockchain, has launched a startup accelerator program aimed at advancing the tokenization of real-world assets (RWAs), with backing from Google Cloud.

RWAccelerator

The RWAccelerator offers startups funding, expert mentorship, AI-driven resources, and technical support as they build solutions in sectors like real estate, financial products, and alternative assets.

A Pivotal Time for the Tokenized Asset Space

The World Economic Forum estimates that by 2027, 10% of the world’s GDP – around $10 trillion – could be stored on blockchain networks, with RWAs playing a major role in this shift.

Building a Bridge between Traditional and Web3

“Our mission is really to build that bridge between kind of the large, planetary scale businesses that people use and are familiar with every day, particularly people who are not in the crypto space, and create that on-ramp for those folks,” said Richard Widmann, Global Head of Web3 Strategy at Google Cloud, at Consensus Hong Kong.

Startup Accelerator Program Details

Startups can apply for one of three tracks: infrastructure, tokenization, or decentralized finance (DeFi). Successful applicants will gain access to Google Cloud’s resources, including cloud credits, technical support, and workshops led by Google engineers. MANTRA’s own team will offer guidance on everything from smart contracts and tokenomics to legal compliance and market strategies.

“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, in a statement. “With support from Google Cloud, this RWAccelerator will allow startups to reach new heights and significantly contribute to the wider Web3 community.”

Application and Program Details

Applications for the first RWAccelerator cohort are open through March 20, 2025, with the program kicking off in Dubai in April. A second intake is scheduled to open the same day the first round closes.

Partnership with Google Cloud and VASP License

The launch of the accelerator follows MANTRA’s recent approval for a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), positioning it to offer exchange, broker-dealer, and investment services in the region.

Conclusion

In conclusion, the RWAccelerator program offers a unique opportunity for startups to leverage the power of blockchain and Web3 technology to create innovative solutions for the tokenization of real-world assets. With the support of Google Cloud and MANTRA, this program is poised to drive growth and adoption in the industry.

FAQs

Q: What is the RWAccelerator program?
A: The RWAccelerator is a startup accelerator program aimed at advancing the tokenization of real-world assets (RWAs) with backing from Google Cloud.

Q: What are the tracks available in the program?
A: Startups can apply for one of three tracks: infrastructure, tokenization, or decentralized finance (DeFi).

Q: What are the benefits of the program?
A: Successful applicants will gain access to Google Cloud’s resources, including cloud credits, technical support, and workshops led by Google engineers, as well as guidance from MANTRA’s own team on various topics such as smart contracts, tokenomics, legal compliance, and market strategies.

Q: How do I apply for the program?
A: Applications are open through March 20, 2025, with the program kicking off in Dubai in April. A second intake is scheduled to open the same day the first round closes.

Q: What is the significance of the partnership between MANTRA and Google Cloud?
A: The partnership enables MANTRA to leverage Google Cloud’s expertise and resources to drive the development of innovative solutions for the tokenization of RWAs, while also expanding its reach and impact in the industry.