Outlier Ventures, in collaboration with the Celo ecosystem and supported by Defactor, has announced the selection of six early-stage startups for their Real World Assets (RWA) Base Camp accelerator program. These startups, hailing from various global locations, are poised to revolutionize the DeFi landscape with their innovative projects.
The selected startups—Credbull, Credible Finance, Haraka, Isle Finance, More Liquid, and Silver Koi—represent a diverse range of countries, including the United Arab Emirates, Singapore, India, Saudi Arabia, the USA, France, Taiwan, the UK, and Hong Kong. Each team brings a unique perspective and expertise to the table, with projects ranging from a private credit DeFi lending platform to stablecoin-based microloans utilizing social reputation.
Katie Lundie, RWA Accelerator Lead at Outlier Ventures, highlighted the transformative potential of integrating real-world assets into Web3 infrastructure. She emphasized that the chosen teams are bridging the gap between traditional and decentralized finance, fostering innovation and shaping the future of finance.
The Celo Foundation views the RWA Base Camp as a crucial tool for overcoming barriers in traditional financial systems. Isha Varshney, Head of Ecosystem at the Celo Foundation, praised the selected teams for their potential to lead the next wave of innovation in blockchain solutions.
Adam Bouktila, Co-founder of Defactor, underscored the role of tokenization in revolutionizing global financial systems. He expressed the company’s commitment to providing technology and knowledge to all members of the program.
Over the next 12 weeks, the teams will participate in an intensive program featuring mentorship from industry leaders and hands-on support in various areas. The program will culminate in a Demo Day, where startups will showcase their projects to investors and industry stakeholders, aiming to secure further funding and partnerships to scale their solutions.
The announcement of the selected startups for the RWA Base Camp accelerator program marks a significant step towards innovation and collaboration in the DeFi space. Stay tuned for updates on the progress of these promising startups as they work towards reshaping the future of finance.
