- The IOTA x Tenity Real-World Assets Accelerator Demo Day on September 17 in Singapore will feature six innovative projects focused on tokenizing real-world assets.
- Sponsored by AMINA Bank, the event showcases advancements in areas such as digital identity, invoice financing, and real estate.
The excitement is building as the Real-World Assets (RWA) Accelerator Demo Day by IOTA and Tenity approaches. Set to take place on September 17 in Singapore, this event is a prelude to the Token2049 Singapore conference. With AMINA Bank, a regulated Swiss crypto investment bank, sponsoring the event, the Demo Day promises to showcase the forefront of blockchain innovation in the realm of real-world assets.
The IOTA x Tenity Accelerator: A Launchpad for Innovation
Back in April, IOTA and Singaporean incubator Tenity embarked on a groundbreaking initiative to accelerate blockchain startups focused on tokenizing real-world assets. Over a 12-week program, these startups received $50,000 in grants, mentorship from industry leaders, and crucial tools to market their innovations. The six finalists chosen for this program are set to make waves in the blockchain ecosystem.
The AMINA Team is excited to announce that we’re sponsoring @IOTA x @tenity_global RWA Accelerator Demo Day where six powerhouse projects will showcase how they're turning the Real-World Asset game on its head!
— AMINA Bank (@AMINABankGlobal) September 8, 2024
Register today: https://t.co/upJT41LpxS #Token2049 #Web3 pic.twitter.com/XgkgdWpyMD
IOTA founder Dom Scheiner highlights the significance of this initiative, stating:
“The support and mentorship offered through the Accelerator Program are crucial in driving the growth of RWA tokenization, ensuring that IOTA EVM users can benefit from cutting-edge solutions that bridge traditional industries with the blockchain ecosystem, paving the way for a more decentralized and interconnected world.”
Meet the Six Trailblazing Projects
1. Orobo Finance
Orobo Finance enhances the RWA tokenization process through digital product passports used in carbon credits, sustainability reporting, and more. By leveraging IOTA’s digital product passports, Orobo validates and verifies products and materials, optimizing data collection from supply chains.
2. Black Frog
Targeting small-scale miners, Black Frog addresses the growing demand for minerals like cobalt. It provides financing and credit through an IOTA-based platform and offers a commodity-backed yield-bearing stablecoin to facilitate transactions in the mining sector.
3. InvoiceMate
With invoice financing poised to grow from $3 trillion in 2020 to $5 trillion by 2026, InvoiceMate offers a blockchain-based solution for small businesses. Having already tokenized $223 million in invoices, it stands out for its advanced approach to easing invoice financing challenges.
4. Qiro Finance
Qiro Finance connects asset originators with on-chain investors through a private credit infrastructure and marketplace, focusing on fixed yield opportunities and fostering more efficient capital flow.
5. The Real Lifestyle
In the $6 trillion real estate market, The Real Lifestyle offers fractionalized investments in homeownership and rental properties. By converting illiquid properties into yield-generating assets, it boosts on-chain activity and liquidity.
6. Auvo Digital
Auvo Digital provides a no-code identity management platform, enhancing secure on-chain identity and verifiable data solutions. Partnering with international organizations, Auvo aims to combat occupational and certification fraud that costs the global economy $4.5 trillion annually.
As we count down to the IOTA x Tenity RWA Accelerator Demo Day, these six pioneering projects are set to redefine the landscape of real-world asset tokenization. Stay tuned for insights and breakthroughs from this landmark event.
