MANTRA and Google Cloud Launch RWAccelerator for Tokenized Assets

Layer 1 blockchain MANTRA has launched RWAccelerator, a startup accelerator program focused on real-world asset (RWA) tokenization, with backing from Google Cloud. Announced at Consensus Hong Kong, the initiative aims to drive blockchain adoption in sectors like real estate, financial products, and alternative assets.

Startups can apply for one of three tracks: infrastructure, tokenization, or decentralized finance (DeFi). Selected participants will receive funding, mentorship, and access to Google Cloud’s AI-driven resources, technical support, and cloud credits. MANTRA’s team will provide guidance on smart contracts, tokenomics, legal compliance, and market strategies.

With the World Economic Forum estimating that 10% of global GDP ($10 trillion) could be stored on blockchains by 2027, RWAccelerator is launching at a crucial time. "Our mission is to bridge traditional industries with blockchain, making it accessible to those outside the crypto space," said Richard Widmann, Global Head of Web3 Strategy at Google Cloud.

John Patrick Mullin, CEO of MANTRA, emphasized the program’s potential, stating, “This is a powerful opportunity for startups to leverage cutting-edge technology and mentorship. With Google Cloud’s support, RWAccelerator will help drive Web3 innovation.”

Applications for the first cohort are open until March 20, 2025, with the program kicking off in Dubai in April. A second intake begins the same day the first round closes.

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

With strong backing and a focus on Web3 adoption, RWAccelerator is set to empower blockchain startups and drive RWA tokenization forward.