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MANTRA Launches Program for Real-World Asset Startups With Google Cloud Support
The program aims to drive innovation in tokenized real-world assets as blockchain adoption accelerates.
Updated Feb 24, 2025, 7:30 p.m. Published Feb 20, 2025, 5:00 a.m.
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What to know:
- MANTRA’s RWAccelerator offers funding, mentorship, and AI tools for startups focused on tokenized RWAs.
- Google Cloud will provide technical support, cloud credits, and engineering workshops to selected projects.
- The World Economic Forum projects that 10% of global GDP could be tokenized on blockchains by 2027.
Layer 1 blockchain MANTRA has launched a startup accelerator program aimed at advancing the tokenization of real-world assets (RWAs), with backing from Google Cloud.
The initiative, dubbed 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, the companies announced at Consensus Hong Kong.
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The RWAccelerator comes at 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.
"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.
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, the press release said.
"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."
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.
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.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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