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MANTRA Partners With Google Cloud for RWA Tokenization

source-logo  blockchainreporter.net  + 1 more 29 October 2024 14:50, UTC

MANTRA Chain, a compliance-oriented blockchain, has recently joined Google Cloud to enhance real-world asset (RWA) tokenization. As the world’s third largest cloud service provider, Google Cloud will provide essential infrastructure services and serve as a network verifier for MANTRA Chain, thus accelerating the speed and lowering the cost of real asset trading. The integration of Google Cloud will provide secure and scalable operations, which MANTRA can leverage to onboard assets on-chain faster and more securely.

Scaling Blockchain Operations with Google Cloud Infrastructure

Google Cloud will host MANTRA’s blockchain operations, delivering reliable, high-performance infrastructure for tokenized assets. This infrastructure supports faster, transparent transactions, enhances market liquidity, and reduces reliance on intermediaries. According to Richard Widmann, Head of Web3 Strategy at Google Cloud, the collaboration will “empower developers and startups building on MANTRA” by supplying best-in-class tools and a reliable, scalable RPC.

Real-world assets are traded through centralized and highly intermediated structures with high costs and low investor permeability. MANTRA’s blockchain is streamlined by tokenization as assets are divided and made accessible to a diaspora of different sizes and investors. This setup also reduces transaction fees, providing more efficient and liquid markets. MANTRA’s co-founder and CEO, John Patrick Mullin, noted that working with Google Cloud affirms the blockchain’s reliability and the credibility of the RWA industry.

MANTRA Incubator to Boost Web3 Innovation

A new initiative launching in the first quarter of 2025, the MANTRA Incubator, will provide select RWA projects with resources and technical support to foster Web3 development. Google Cloud’s Web3 and AI experts will offer mentorship, cloud credits, and additional guidance, further strengthening MANTRA’s platform for developers and startups. This incubator program aims to accelerate the creation of innovative RWA solutions that capitalize on MANTRA’s blockchain and Google Cloud’s infrastructure.

MANTRA has named BCW Group, a premier Google Cloud partner, as the key implementation partner to achieve this. BCW Group’s technical experience in Web3 and AI for infrastructure shall contribute to advancing MANTRA’s blockchain avenues while enhancing the platform’s user reliability.

blockchainreporter.net

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