MANTRA Launches Startup Accelerator for Tokenization of Real-World Assets

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

The initiative, named RWAccelerator, provides startups with funding, expert mentorship, AI-driven resources, and technical assistance as they develop solutions in various sectors including real estate, financial products, and alternative assets, as announced during Consensus Hong Kong.

The RWAccelerator arrives at a crucial time for the tokenized asset sector. The World Economic Forum projects that by 2027, 10% of the world’s GDP—approximately $10 trillion—could be stored on blockchain networks, with RWAs significantly contributing to this transition.

Richard Widmann, global head of Web3 strategy at Google Cloud, remarked, “Our mission is to build a bridge between large, planetary-scale businesses that people are familiar with and create an on-ramp for those not yet in the crypto space,” during the event in Hong Kong.

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

John Patrick Mullin, CEO of MANTRA, stated, “This is a powerful opportunity for startups to leverage cutting-edge technology and access valuable resources and mentorship. With Google Cloud’s support, this RWAccelerator will help startups reach new heights and significantly impact the Web3 community.”

Applications for the first cohort of RWAccelerator are open until March 20, 2025, with the program set to launch in Dubai in April. A second intake will begin the same day the first cohort closes.

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

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