Blockchain mantra of layer 1 has launched a starting accelerator program aimed at advancing in the token of real world assets (RWAS), with the support of Google Cloud.
The initiative, called Rwaccelerator, offers startup funds, expert tutoring, resources promoted by AI and technical support as they create solutions in sectors such as real estate, financial products and alternative assets, the companies announced in Consensus Hong Kong.
The Rwaccelerator arrives at a crucial moment for the tokenized asset space. The World Economic Forum estimates that by 2027, 10% of world GDP, about $ 10 billion, could be stored in blockchain networks, with RWAS playing an important role in this change.
“Our mission is really to build that bridge between the big planetary scale bus , Global Web Strategy Chief on Google Cloud, in Consensus Hong Kong.
Startups can request one of the three tracks: infrastructure, tokenization or decentralized finance (defi). Successful applicants will get access to Google Cloud resources, including cloud loans, technical support and workshops led by Google Engineers. The mantra team will offer guidance above all, from intelligent and tokenomic contracts to legal compliance and market strategies, according to the press release.
“This is a powerful opportunity for new companies to take advantage of avant -garde technology and get access to resources and tutoring,” said John Patrick Mullin, CEO of Mantra, in a statement. New heights and contribute significantly to the broader web community. “
Applications for the first Rwaccelerator cohort are open until March 20, 2025, and the program begins in Dubai in April. A second intake is scheduled to open the same day that the first round is closed.
The launch of the accelerator follows Mantra’s recent approval for a virtual asset services provider (VASP) supplier of the Dubai Virtual Assets Regulatory Authority (VARA), positioning it to offer exchange services, corridors and investment services in the region.
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