- Outlier Ventures today announced two strategic leading industry partners to support the selected cohort for the Real World Assets (RWA) Base Camp accelerator program. In collaboration with the Celo ecosystem, the program will also be supported by Defactor as Industry Partner.
- The RWA Base Camp in collaboration with the Celo ecosystem will support startups who are building the required infrastructure, applications and products that will fuel the mainstream adoption of tokenized real world assets (RWA) across industries.
- The 12-week virtual accelerator program will include workshops with subject matter experts from Outlier Ventures, the Celo community and Defactor, as well as mentorship from industry experts.
- Applications will close on 6 May 2024 with the program starting in mid May, 2024.
Today, Outlier Ventures has announced a series of strategic leading industry partners to help support the chosen startups taking part in the RWA Base Camp in collaboration with the Celo ecosystem, the community building on the emerging Ethereum Layer-2 and mobile-first blockchain network built for the real world and designed for fast, low-cost payments worldwide. The program will also be supported by Defactor who will support teams on RWA tokenization, serving as an industry expert in the program.
Tokenizing RWAs is not just a means to bridging the gap between the crypto market and the traditional financial market, it reaches beyond that. Our recently published thesis on Tokenizing RWAs dives deeper into this. We firmly believe that the tokenization of RWAs will have a profound impact on every industry as blockchain technology extends throughout society over the next decade.
Throughout the duration of the program, Outlier Ventures and Celo Foundation’s team of in-house experts will provide bespoke support customised to each startup’s needs, supporting teams building products across the four main segments of Outlier Ventures’ RWA Thesis – financial assets, infrastructure, intangible assets and physical assets. As the Celo ecosystem is an industry leader for RWAs with over 1M+ monthly active users (MAUs) and home to various stablecoins (e.g., native USDC and USDT) and real-world use cases, the Celo Foundation is also committed to providing expertise and guidance in support of the community’s mission to create the conditions of prosperity for all.
With Defactor’s focus on developing, innovating, and promoting an ecosystem of tokenised real-world assets, the team will mentor teams and conduct a special RWA builders’ workshop during the program. Each of the teams in the cohort will have free access for one year to their RWA toolkit.
Katie Lundie, Outlier Ventures’ RWA Accelerator Lead, said: “At Outlier Ventures, we recognise the huge potential tokenised Real World Assets will have and are committed to supporting new innovators facilitating the integration of this technology into the traditional economy. We are thrilled to bring on board two incredible partners with support from the Celo ecosystem and Defactor. We have already seen a huge amount of interest in the program and with these partners on board we’ll be able to give the founders an ideal platform to set them up for success during the program and beyond.”
“From stablecoins to on-chain lending, tokenized carbon credits, and nature-backed assets, the Celo ecosystem is a hub for RWA innovation,” said Isha Varshney, Head of Ecosystem at the Celo Foundation. “We’re excited to partner with Outlier Ventures, an industry leader, on the launch of this accelerator program led by the Celo community and ecosystem. Furthering the growth of real-world solutions on Celo will be instrumental for bolstering Web3 adoption and platforming greater and more equitable financial access for communities around the world.”
Adam Bouktila, Co-founder, Defactor, said: We’re thrilled to be a part of this exciting program and are committed to supporting new innovative projects as they come through the base camp. We’ve been building the technology and framework to enable more projects to enter the RWA ecosystem and bring more utility to their communities. We like to say we’re building the picks & shovels of the RWA ecosystem!”
Applications for the RWA Base Camp program will close on 6 May. The 12-week program will commence in Mid- May 2024. For more information go to here
