LAG 1 Blockchain Mantra has launched a boot accelerator program aimed at promoting the tokenization of assets in the real world (RWAs) with the support of Google Cloud.
The initiative, called Rwacelerator, offers startup-financing, expert mentorship, AI-driven resources and technical support when building solutions in sectors such as real estate, financial products and alternative assets, announced companies at Consensus Hong Kong.
The Rwacelerator comes at a central time of the tokenized asset area. World Economic Forum estimates that 10% of the world’s GDP – approx. 10 trillion dollars – in 2027 – can be stored on blockchain networks where RWAs play an important role in this shift.
“Our mission is to really build the bridge between the great, planetary scale companies that people use and are familiar with every day, especially people who are not in the crypto area, and create it on ramp for these people,” said Richard Widmann, Global Head of Web3 strategy at Google Cloud, at Consensus Hong Kong.
Startups can apply for one of three tracks: infrastructure, tokenization or decentralized financing (DEFI). Successful applicants get access to Google Cloud’s resources, including cloud credits, technical support and workshops led by Google engineers. MANTRA’s own team will offer guidance on everything from smart contracts and tokenomics to legal compliance and market strategies, the press release said.
“This is a strong opportunity for startups to utilize advanced technology and access resources and mentorship,” John Patrick Mullin, CEO of Mantra, said in a statement. “With the support of Google Cloud, this Rwacelerator will allow startups to reach new heights and contribute significantly to the wider web3 community.”
Applications for the first Rwacelerator -kohort are open through March 20, 2025, with the program starting in Dubai in April. Another intake is scheduled to open the same day the first round closes.
The launch of the accelerator follows Mantra’s recent approval of a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (Vara) that places it to offer exchange, broker and investment services in the region.
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