ByCoinGape
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.
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:
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
Speaking on the vision with Coingape, Patrick Mullin, CEO of MANTRA said, “The RWAccelerator is created to support the next wave of Web3 and AI innovation, particularly in the real-world asset (RWA) tokenization space. Our vision is to provide early-stage startups with the infrastructure, expertise, and strategic support they need to build scalable, regulatory-compliant solutions.
On the collaboration with Google Cloud, he said, “Rolling out the program with an industry giant like Google Cloud, really presents a powerful opportunity for startups to harness cutting-edge technology and gain access to resources and mentorship. They’ll be able to reach new heights more quickly, 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 according to a prediction by the 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.
The native token of MANTRA, $OM has witnessed a decline of around 2.46% in 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 MANTRA 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 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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