In a major development, Outlier Ventures has announced that it will partner with several other leading industry partners to enhance the support for the startups taking part in the RWA Base Camp program being run together with the Celo ecosystem. Celo, meanwhile, is a powerful Ethereum Layer-2 and mobile-first blockchain network focused on making fast, inexpensive global payments a reality. Defactor will also be on board to support teams on RWA tokenization, serving as an industry expert in the program.
Celo Ecosystem Paves Way for Startups in RWA Program
Tokenization of RWAs or Real World Assets implies converting physical assets like real estate or commodities into digital tokens on a blockchain network. It is a disruptive method bridging the gap between the conventional financial system and the developing cryptocurrency universe, unlocking access to an expanded global ceiling of opportunities across all industries.
Throughout the program, Outlier Ventures and Celo Foundation will also provide lifelong startup backing in four product improvement directions as described above namely financial assets, infrastructure, intangible assets, and physical assets. The Celo ecosystem will feature a proven support system with over a million active users, varied sets of stablecoins and real-world applications, livecases to read, and learn from.
Outlier Ventures Teams with Celo and Defactor to Drive RWA Industry
The RWA Accelerator Lead for Outlier Ventures, Katie Lundie expressed excitement about the new partnership. She believes that this commitment will give founders the best possible chance to grow and maintain their startups long after the program is concluded.
Indeed, the presence of reputable partners such as Celo and Defactor in this program means failure for a startup that has no access to such infrastructure and resources. For her part, the head of Ecosystems of Celo Foundation Isha Varshney noted that Celo has been at the center of RWA innovation. The world has been waiting for real-world solutions and financial inclusion, and this partnership.
In the end, it is clear that this partnership is a joint effort aimed at driving RWA innovation. Given its support for tokenisation, the three parties, therefore, have more opportunities and solutions supported deploying more advanced technologies in the primary sectors of economy around the world.
