MANTRA, a leading Layer1 Blockchain has launched RWAccelerator to drive innovation in the tokenization of real-world assets.
The launch, made just an hour ago during the ongoing Consensus 2025 in Hong Kong, was made by MANTRA CEO John Patrick Mullin along with Rich J. Widmann who is the Global Head of Strategy for Google Cloud at Web3.
Tapping at the growing industry of RWA world with current market cap of $38.7 mn, the launched program of RWAccelerator will work towards supporting developers and start-ups working in the RWA domain.
Notably, the announcement after MANTRA secured the VARA Defi license on Wednesday. The license gives MANTRA the permission from Dubai’s regulatory authority to operate as a Virtual Asset exchange and provide Broker-Dealer and Investment Management services in UAE.
How will MANTRA RWAccelerator help Start-Ups and Developers?
MANTRA’s RWAccelerator will offer funding to budding companies working in three domains – infrastructure, tokenization and decentralized finance (DeFi).
After successful acceptance of application, the startup or the respective developer would receive following benefits:
- investment capital to make it easy for RWA start-ups to avail funding required to implement their innovative projects
- mentorship that includes MANTRA’s collaborator in this initiative, Google Cloud, providing technical support, cloud credits, and enginnering workshops for selected projects,
- and dedicated AI support.
MANTRA has already started accepting applications from today and will continue to accept till March 20, 2025. You can apply by this link: https://docs.google.com/forms/d/e/1FAIpQLScV4gkuN71zHCLVU0pHOpH4-SLidQP1JkTMJITFF9Os3Hde0Q/viewform
Patrick Mullin, CEO of MANTRA, said in a statement, “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”.
ATTN: builders and startups because along with @GoogleCloud we want you to truly thrive, experiment, and push the boundaries of what’s possible in the Web3 space.
Which is why, @jp_mullin888 and @RichJWidmann, just announced the launch of our RWAccelerator program onstage… pic.twitter.com/JTPHVAhVuk
— MANTRA
Consensus 2025 HK
(@MANTRA_Chain) February 20, 2025
The Press Release released by the company further expressed enthusiasm for the growing RWA markets by highlighting that Real World Assets are set to play a significant role in the prediction set by World Economic Forum (WEF). The prediction made by WEF in its 2015 report titled “Deep Shift: Technology Tipping Points and Societal Impact”, says that by 2027, over 10% of the world’s GDP valued at $10 trillion will be stored on the Blockchain networks.
Market Reaction and the growing RWAs industry
The native token of MANTRA, $OM has witnessed a decline of around 2.46% on the last 24 hours though market expert Rachel Crypto has predicted that the OM price would hit $15 in the near future. It is also worth noting that the token has rallied by 29x in the past year, according to data from IntotheBlock. And now with the launch of RWAccelerator and the new partnerships and initiatives that it has been coming up consistently, the token is bound to receive utility boost in the near future.
With the global tokenization market projected to grow at CAGR of 19%, to reach $5.6 billion by 2026, the RWA industry is experiencing rapid growth with numerous startups emerging on the landscape. Few examples include Fraktion, Rally, Brickken, Abu Dhabi-based Realize, and Nigeria-based TrendX, among others.
Therefore, this initiative of MANTRA can further accelerate the development of new tokenized financial products and bring more assets on-chain. It can further help in bringing the gap between traditional and DeFi by leading the tokenization of real-world financial instruments such as real estate, commodities, bonds, and private equity
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