- Layer 1 blockchain MANTRA partners with Google Cloud to launch RWAccelerator program focusing on real-world asset tokenization.
- Program offers three specialized tracks: infrastructure, tokenization, and DeFi, with applications open until March 20, 2025.
- Selected startups receive Google Cloud credits, technical support, and mentorship from industry experts.
- World Economic Forum projects 10% of global GDP could be blockchain-stored by 2027, highlighting RWA tokenization significance.
- Initiative launches following MANTRA’s VASP license approval from Dubai‘s VARA regulatory authority.
MANTRA, a Layer 1 blockchain platform, has unveiled its RWAccelerator program in collaboration with Google Cloud, marking a significant push toward real-world asset (RWA) tokenization. The announcement, made at Consensus Hong Kong, establishes a comprehensive support system for startups exploring blockchain-based asset digitization.
According to The World Economic Forum, blockchain networks could host approximately $10 trillion worth of assets by 2027, representing 10% of global GDP. This projection underscores the strategic timing of the accelerator’s launch.
“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,” explained Richard Widmann, global head of Web3 strategy at Google Cloud.
The accelerator program features three specialized tracks: infrastructure, tokenization, and decentralized finance (DeFi). Participating startups will receive comprehensive support, including cloud credits, technical guidance, and workshops conducted by Google engineers. MANTRA’s team will provide expertise in smart contract development, tokenomics design, and regulatory compliance.
John Patrick Mullin, CEO of MANTRA, emphasized the program’s potential: “This is a powerful opportunity for startups to harness cutting-edge technology and gain access to resources and mentorship.”
The program’s first cohort will commence in Dubai this April, with applications accepted through March 20, 2025. A second cohort intake will begin immediately following the first round’s closure. This initiative follows MANTRA’s recent acquisition of a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), enabling the platform to provide exchange, broker-dealer, and investment services in the region.
The RWAccelerator represents a strategic move to bridge traditional finance with blockchain technology, focusing on sectors including real estate, financial products, and alternative assets. This initiative aims to accelerate the adoption of blockchain technology in traditional asset markets while ensuring regulatory compliance and technical robustness.
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