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MANTRA and Google Cloud launch RWAccelerator for RWA startups

MANTRA and Google Cloud launch RWAccelerator for RWA startups

GrafaGrafa2025/02/20 15:50
By:Mahathir Bayena

MANTRA Chain, in collaboration with Google Cloud, has launched RWAccelerator, a startup accelerator program aimed at fostering innovation in the tokenisation of real-world assets (RWAs).

The program was announced at Consensus Hong Kong 2025 by MANTRA CEO John Patrick Mullin and Google Cloud's Global Head of Strategy for Web3, Rich J. Widmann.

The RWAccelerator will focus on projects with a strong interest in the tokenisation of real-world assets.

MANTRA (CRYPTO:OM) aims to offer funding to budding companies working in three domains: infrastructure, tokenisation, and decentralised finance (DeFi).

Startups and developers accepted into the RWAccelerator program will receive investment capital, mentorship (including technical support and engineering workshops from Google Cloud), and dedicated AI support.

Applications are being accepted until March 20, 2025.

Mullin stated that the program is a powerful opportunity for startups to harness cutting-edge technology and gain access to resources and mentorship.

Widmann added that Google Cloud is collaborating with MANTRA to accelerate the growth of the Web3 ecosystem by offering tooling for building on-chain.

MANTRA, a Layer 1 blockchain, is focused on bridging traditional finance (TradFi) with decentralised finance (DeFi).

Earlier this year, MANTRA Chain announced a collaboration with DAMAC Group to enable token-based financing for properties worth around $1 billion.

MANTRA has also secured a VARA DeFi license, permitting it to operate as a Virtual Asset exchange and provide Broker-Dealer and Investment Management services in the UAE.

The RWA tokenisation industry has grown to $38.7 billion, with MANTRA OM and Chainlink (CRYPTO:LINK) at the helm.

The global tokenisation market is projected to reach $5.6 billion by 2026.

At the time of reporting, the MANTRA (OM) price was $7.31.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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