MANTRA Unveils Startup Accelerator Program for Tokenized Real-World Assets, Backed by Google Cloud

MANTRA, a Layer 1 blockchain, has introduced a startup accelerator program focused on advancing the development of tokenized real-world assets, with support from Google Cloud. The initiative, called RWAccelerator, provides participating startups with funding, mentorship from industry experts, AI-powered tools, and technical assistance as they develop solutions for sectors such as real estate, financial products, and alternative assets. Launched at Consensus Hong Kong, the RWAccelerator is well-timed, given the significant potential of tokenized assets. According to the World Economic Forum, an estimated 10% of the world's GDP - approximately $10 trillion - could be stored on blockchain networks by 2027, with real-world assets playing a crucial role in this transition. "Our goal is to create a bridge between large-scale businesses and the crypto space, making it accessible to a broader audience," stated Richard Widmann, Google Cloud's global head of Web3 strategy, at Consensus Hong Kong. Startups can apply for one of three tracks: infrastructure, tokenization, or decentralized finance. Successful applicants will gain access to Google Cloud's resources, including cloud credits and technical support, as well as guidance from MANTRA's team on smart contracts, tokenomics, legal compliance, and market strategies. "This accelerator program offers a unique opportunity for startups to leverage cutting-edge technology and gain access to valuable resources and mentorship," said John Patrick Mullin, CEO of MANTRA. Applications for the first cohort are open until March 20, 2025, with the program set to commence in Dubai in April, followed by a second intake.