Mantra, an RWA L1 Blockchain, has announced that Lympid, a platform for issuing and trading Real World Assets (RWA), has joined the seven teams participating in the Mantra RWA accelerator.
The RWA accelerator, which is powered by Mantra and backed by Google Cloud, is designed to provide developers and enterprises in the RWA landscape with capital funding, mentors, and advanced AI support.
Out of more than 150 applications for the initial group, seven projects have been selected, including Loop RWA, Juic3 Labs, EleveX, Liquidstar, Brickken, NestiFi, and Lympid. These projects attracted attention due to their innovative, scaling, and real-world impact capability.
Lympid Joins the Participating Seven Teams
As per the news, Lympid will utilize Mantra’s infrastructure to expand its blockchain activity and introduce previously unavailable, high-priced investment opportunities to mainstream users. On the other hand, Mantra will broaden its RWA offerings with Lympid’s wide variety of tokenized assets.
Lympid is an RWA tokenization platform that enables people to invest in fractions of alternative assets like luxury horses, watches, handbags, and many more. The platform makes it easy for ordinary investors to diversify their investment into premium, expensive, tangible assets previously reserved for the affluent by using fractional ownership.
Lympid has been chosen for Mantra’s RWA accelerator program. This implies that it will obtain assistance to expand the tokenization of alternative assets and continue its vision to give better returns to investors than traditional stocks and bonds.
Introducing Luxury RWAs to Web3
As prominent financial institutions move into the RWA blockchain landscape, tokenizing RWAs continues to expand techniques to connect the gap between virtual currency and traditional investment markets. This innovative approach is poised to scale industries as blockchain infrastructure is increasingly getting integrated into the global society.
Major players in this sector include heavyweights like Mantra, Lympid, and others. The tokenized RWA market is anticipated to witness a rapid advancement, growing from the current $18 billion valuation to $10 trillion by 2030, representing a radical change in traditional investment and financial practices.
Lympid leverages an advanced approach, utilizing the capability of RWA to redefine the operations of real asset tokenization. By linking traditional assets with the decentralized world, Lympid creates a tangible component of RWA within Web3. This allows users to access tokenized premium assets like art, horses, watches, real estate, US Treasuries, and many more.
