MANTRA Launches RWAccelerator, Backed by Google Cloud, to Empower Startups in RWA Tokenization with Funding, Mentorship, AI Assistance, and Regulatory Backing

MANTRA has introduced RWAccelerator, a startup accelerator program designed to support businesses focused on tokenized real-world assets.

Web3 infrastructure company MANTRA has launched RWAccelerator, a startup accelerator program to support businesses focused on tokenized real-world assets (RWAs).

Participants in the program will have access to financial investments, mentorship support, Artificial Intelligence technology assistance, and multiple key resources. The program is supported by Google Cloud and will prioritize projects related to real estate financial products and alternative assets.

As blockchain technology continues to advance, it demands sophisticated solutions. The World Economic Forum anticipates that blockchain networks will store 10% of global GDP, valued at $10 trillion, by 2027. In this context, real-world assets play a crucial role in shaping the upcoming transformations.

The RWAccelerator program offers participants the opportunity to join programs focused on infrastructure, tokenization, or decentralized finance (DeFi). Applicants to the program will undergo a rigorous selection process to identify the leading entrepreneurs and startup businesses.

The selected projects will receive Google for Startups Cloud benefits, including cloud credits, technical assistance, and expert workshops. Additionally, the MANTRA team members will serve as mentors for the participants, providing guidance on smart contracts, tokenomics and market maker choices, listing approaches, and legal documentation requirements.

The program aims to provide assistance specifically designed to boost startup success within the Web3 framework.

RWAccelerator to propel blockchain innovation

John Patrick Mullin, the MANTRA CEO, highlighted the opportunities available through this program. "This startup program provides businesses with access to cutting-edge technology platforms, expert mentorship, and essential support programs," he said.

"Google Cloud's support will enable these businesses to scale their operations and contribute to strengthening the Web3 community," Mullin added.

Richard Widdman, Google Cloud, displayed strong involvement at the start of the business connection. "Startups empowered by Google Cloud services and infrastructure can now undertake bold innovation projects and technological experiments to scale up their businesses," said Google Cloud’s lead at the start of the business connection.

The launch of the RWAccelerator program follows MANTRA's recent achievement in securing regulatory approval in Dubai. The company succeeded in obtaining a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).

This license grants MANTRA permission to operate as a Virtual Asset Exchange, Broker-Dealer, and Investment Management services.

The RWAccelerator serves as an initiative by MANTRA to fuel blockchain development and foster the following generation of Web3 startup ventures. Due to its strategic partnerships and expert advisory structure, the program holds the potential to create a sustained impact on blockchain sector development.