Rwas is solidifying itself as Crypto’s second-largest sector, so Fintech and blockchain heavyweight Who are launching Ascend. It is a superselective program designed to turn startups into standard employers of institutional adoption.
summary
- Ascend is a new elite accelerator for real world asset (RWA) startups with live products and institutional goals.
- Supported by Odisea, Plume, Galaxy Ventures and Anchorage Digital, we only accept 6-8 teams per cohort.
According to a press release shared with Crypto.News on August 4, ODISEA has teamed up with All-Star rosters of supporters such as Plume, Galaxy Ventures, and Anchorage Digital to launch Ascend, an accelerator for using RWA startups and live products and institutional nuisances.
The program will host only six to eight teams in its first cohort, providing hands-on mentorship from veterans who have expanded their multi-billion dollar platform, along with access to a curated network of investors and regulators. According to the statement, Ascend Startup Accelerator will culminate with demonstration day and potential access to the $500,000 discretionary fund.
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Filling institutional gaps in the fastest growing sectors of crypto
Ascend Accelerator arrives at pivotal moments for real-world asset tokenization. The $24 billion RWA market has grown almost five times since 2022, but its infrastructure remains fragmented between facility-grade compliance demands and Defi’s permitted innovations. This is the Chum that Ascend architects aim to intersect.
Program selection criteria reveal its institutional focus. Only startups with live products and measurable traction should be applied. Unlike the typical accelerators that bet on ideas, the Ascend Targets team is already navigating the complex reality of asset tokenization. From adjusting the KYC requirements and blockchain pseudonymity to designing Oracle systems for accurate pricing of illiquid assets.
“Real world assets are gaining momentum with support and interest from institutional investors, governments and infrastructure providers looking for transparent and efficient capital solutions. RWAS is no longer speculative. This need is met by developing the next generation of RWA leaders by developing and providing resources.
The launch of Ascend Accelerator is due to the iconic US Treasury showing the explosive potential of facility-grade RWA. What began as a $100 million niche in 2023 has swelled into a $7.5 billion market dominated by BlackRock’s Buidl and Franklin Templeton’s Benji, hosting $750 million at AUM.
These products are not experimental. They are production scale solutions that attract real capital by solving concrete problems. Eliminate payment delays, automate compliance, and unlock global liquidity pools.
The interests changed as the RWA sector pushed towards broader integration with the capital market. The agency is no longer asking if tokenization works. They ask who can do it safely, complementary, and on a large scale. The success of an ascend depends not on its ability to produce answers to the question, but on its ability to produce answers.
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