DeFi
Blocksquare Reaches $100 Million in Tokenized Properties and Unveils DeFi Launchpad
Real-world asset (RWA) tokenization protocol, Blocksquare announced that it has tokenized $100 million worth of real estate properties on its platform.
According to a press release sent to CryptoPotato, the tokenization of $100 million in real estate assets coincides with the launch of Blocksquare’s decentralized finance launchpad, Oceanpoint v0.5, intended to empower real estate tokenization startups.
Blocksquare tokenizes $100 million in RWA
Blocksquare’s tokenized assets encompass 118 properties, including restaurants, hotels, healthcare facilities, apartments and parking lots in over 21 countries. The company said its success is linked to its legal structure, which is recognized by the legalization of a real estate transaction tokenized on the European land register.
In September 2023, Blocksquare reached a one-of-a-kind milestone by executing the world’s first notarized tokenization of real estate and integrating it into the Slovenian land register. This feat gave the protocol access to a market potential of approximately $16 trillion.
“This achievement enables secure on-chain operations, setting a new global standard and demonstrating Blocksquare’s commitment to innovation and security in the real estate tokenization industry,” the company said.
With Blocksquare’s Oceanpoint ecosystem going live, users can stake the protocol’s utility token, BST, or convert it to the sBST governance token. Real estate tokenization infrastructure The provider said Oceanpoint adds an extra layer to its already established protocol, creating access to home financing for anyone connected to the internet.
Blocksquare unveils DeFi Launchpad
Market participants can use BST and sBST to earn rewards while supporting high-potential tokenization market operators. Blocksquare’s Launchpad initiative offers RWA tokenization startups up to 100% off its Software-as-a-Service (SaaS) solutions, providing them with the opportunity to launch and grow their businesses with ease and efficiency.
Co-founder and CEO of Blocksquare, Denis Petrovcic, said: “Over $100 million in real estate assets in 21 countries around the world is a clear signal to the industry that tokenizing RWA like real estate presents immense value in creating a bridge for investing in traditional assets.
Together, our dynamic team, engaged market partners and visionary community of BST holders are driving the real estate revolution through democratized investing.
At the same time, Blocksquare said its marketplace pools provide a democratized path for operators and community members to engage and grow within the ecosystem.