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- MANTRA has partnered with Google Cloud to support RWAccelerator applicants with funding and technical expertise, targeting the $38.7 billion RWA market.
- Applications for the first RWAccelerator cohort are open until March 20, 2025, launching in Dubai in April, with a second intake starting immediately after the first round closes.
MANTRA Chain has officially launched RWAccelerator, a startup program designed to support real-world asset (RWA) tokenization projects with Google Cloud’s backing. MANTRA CEO John Patrick Mullin announced the initiative during Consensus 2025 in Hong Kong.
The RWA tokenization market, currently valued at $38.7 billion, has been gaining rapid traction, with MANTRA leading the charge. The RWAccelerator program aims to empower Web3 developers by providing investment capital, technical support, and mentorship, fostering the next generation of RWA-focused startups.
MANTRA Chain, on a mission to bridge traditional finance (TradFi) and decentralized finance (DeFi), has established itself as a leading Layer 1 (L1) permissionless blockchain for permissioned applications. Following the successful launch of its Mainnet in October 2024, the platform secured a $1 billion partnership in January with DAMAC Group, a UAE-based luxury property developer, to enable tokenized real estate financing, as previously reported in our news story.
Google Cloud’s Role in the RWAccelerator Program
According to the press release, applications for the first RWAccelerator intake open today and will be accepted until March 20, 2025. Selected participants will be notified by April 1 and will kick off the three-month program with an in-person summit in Dubai. Meanwhile, applications for the second intake will open on March 20, 2025.
As part of this initiative, Google Cloud will support participating startups by providing cloud credits to help scale operations efficiently, technical expertise from its engineers to optimize blockchain integration, and access to advanced AI and security tools to enhance RWA solutions.
Emphasizing the program’s significance, John Patrick Mullin highlighted the opportunity for startups to leverage cutting-edge technology, resources, and mentorship. He noted that with Google Cloud’s backing, RWAccelerator will empower startups to reach new heights and make a meaningful impact on the Web3 community.
The global tokenization market is projected to grow at a CAGR of 19%, reaching $5.6 billion by 2026. As a key player in this space, MANTRA Chain has secured its position with a fully diluted valuation of $13 billion and a daily trading volume of approximately $183 million.
The platform’s native token, OM, has experienced a massive 3082% price surge over the past year, attracting strong support from both retail and institutional investors. According to IntoTheBlock, 97% of OM holders are currently in profit, reflecting growing confidence in MANTRA’s ecosystem and its role in the expanding RWA sector. Currently, OM is trading at $7.38, reflecting a 27% increase in the past week.
