MANTRA & Google Cloud Launch Real-World Asset Accelerator

MANTRA Chain, a layer 1 blockchain designed for tokenized real-world assets (RWAs), has announced the launch of its Real-World Asset Accelerator, supported by Google Cloud. The accelerator program, RWAccelerator, aims to provide builders and companies with investment capital, mentors, specialized AI assistance, and other resources to foster innovation and adoption in the tokenization of real-world assets.

The RWAccelerator initiative, backed by Google Cloud, will focus on companies interested in tokenizing financial goods, alternative assets, and real estate. The program is designed to stimulate development and innovation in the RWA space, which is projected to account for 10% of global GDP, or around $10 trillion, by 2027, according to the World Economic Forum.

The accelerator program offers three themed tracks: infrastructure, tokenization, and DeFi. Applicants will undergo a rigorous screening process to select creative builders, start-ups, and entrepreneurs for this exceptional opportunity. Google for Startups Cloud initiative will provide access to Google Cloud resources, such as cloud credits, technical assistance, and workshops conducted by Google experts, to a chosen number of initiatives.

MANTRA team members will be available to assist accelerator participants, offering guidance and support in various areas, including legal and compliance, market maker selection, listing procedures, tokenomics, and smart contracts. John Patrick Mullin, CEO of MANTRA, expressed his enthusiasm for the opportunity, stating, "This is a powerful opportunity for startups to harness cutting-edge technology and gain access to resources and mentorship. With support from Google Cloud, this RWAccelerator will allow startups to reach new heights and significantly contribute to the wider Web3 community."

Richard Widdman, joining Mullin on-stage at Consensus, shared his excitement about the collaboration with MANTRA to support the next wave of innovative Web3 startups focused on tokenizing real-world assets. He stated, "By providing access to Google Cloud’s infrastructure and expertise, we aim to create an environment where these startups can truly thrive, experiment, and push the boundaries of what’s possible in the Web3 space."

Applications for the RWAccelerator’s first intake are now open at www.mantrachain.io/ecosystem/RWAcceler