Blocksquare Partners for First Tokenization of a Tequila Distillery - Chainwire

29Aug

Blocksquare Partners for First Tokenization of a Tequila Distillery

Ljubljana, Slovenia, August 29th, 2024, Chainwire

Blocksquare’s latest Marketplace Pool for RWA investment is now live, marking the platform’s third DAO funding pool after the swift sellout of its previous Oceanpoint launchpad campaigns in under 36 hours. Rancho Altos, a project merging tequila distillery operations with real estate development, allows $BST (Blocksquare token) holders to invest in the world’s first tokenization of a tequila distillery, democratizing investment into an industry that was inaccessible to retail investors.

Rancho Altos is located in Jalisco, Mexico, combining the traditional craft of tequila production in its native region with a comprehensive real estate plan that blends cultural heritage with sustainable real estate development. The project features a distillery, along with luxury villas, a wellness center, a farm-to-table restaurant, and eco-tourism facilities on an 82-hectare estate.

Jalisco is renowned for its ideal conditions for growing blue agave, which is essential for producing high-quality tequila.Currently the tequila market represents an $11.7 billion industry, expected to reach $18.6 billion by 2032 with only 135 approved distilleries in all of Mexico. Rancho Altos and Blocksquare are opening the market to investment in tequila to retail investors that wouldn’t otherwise have the opportunity.

“Rancho Altos embodies a convergence of tradition and innovation, blending the rich heritage of tequila production with modern, sustainable real estate development,” said Denis Petrovcic, CEO of Blocksquare. “Offering this unique opportunity to our community showcases how blockchain technology and tokenization can open up investments that were once out of reach. This launchpad pool demonstrates the potential of integrating cultural assets with sustainable practices, while underscoring our commitment to democratizing access to high-value real estate investments.”

By using blockchain technology and tokenization, Rancho Altos opens up to a broader range of individuals to invest in both the tequila production and the associated real estate, creating new avenues for participation in this asset class. Successful funding of this campaign will support the establishment of Rancho Altos’ own marketplace for tokenized assets, covering the costs of the distillery’s construction and further development of the estate.

“Rancho Altos vision intertwines heritage, innovation, and sustainability in a way the tequila industry has never seen,” said Marcos Galindo, Founder of Rancho Altos. “Our mission has been to create a distillery that stands as a beacon of responsible production through design that honors traditional methods to set new standards for environmental stewardship. Integrating cutting-edge practices and a unique masterplan, we are forging a legacy that will resonate far beyond our own borders. With the support of forward-thinking partners like Blocksquare, Rancho Altos stands poised to redefine what is possible in both the world of tequila and sustainable real estate development.”

Users are invited to join in the Marketplace Pool by:

Acquiring sBST Tokens: Stake $BST tokens in Oceanpoint’s Governance pool to receive sBST tokens.
Pledging sBST: Use sBST tokens to contribute to the Rancho Altos marketplace pool.
Supporting and Voting: Your contribution and vote are important to the campaign’s success. Participation offers the potential for future rewards and improved staking returns.
Tracking the Campaign: The campaign is open from August 28. Keep informed about the campaign’s progress.

The Blocksquare DAO community actively participates by voting and pledging governance tokens towards this project. In the case that Rancho Altos reaches its marketplace pool funding goal, hitting 100,000 sBST invested from the community, the project will be listed on Blocksquare’s SaaS solutions without any fee. This includes the white label marketplace platform, allowing them to set up their own Rancho Altos marketplace and launch their offering, the Tequila Distillery.

For more details about the pool, read here or access the marketplace pool here.

About Blocksquare

Blocksquare offers SaaS solutions for blockchain-based real estate tokenization. Headquartered in Ljubljana, Slovenia, Blocksquare’s platform aims to power a global network of marketplaces, connecting investors to real estate opportunities in their region. Through its real estate tokenization protocol, anyone can digitize real estate assets at a fraction of the cost, while providing the quickest way to launch an online marketplace. Blocksquare’s Oceanpoint adds a layer to their established tokenization infrastructure to create borderless access to real estate financing, for anyone with an internet connection.