Blocksquare Hits $100M Tokenized RWA Triggering Launchpad Release - Chainwire

29May

Blocksquare Hits $100M Tokenized RWA Triggering Launchpad Release

Ljubljana, Slovenia, May 29th, 2024, Chainwire

Blocksquare, RWA tokenization protocol, today announced the tokenization of $100 million worth of tokenized properties, culminating with the release of Blocksquare’s launchpad – Oceanpoint v0.5.

The remarkable milestone of tokenizing $100M in real-estate assets on its platform showcases a diverse array of assets, including 118 different assets from hotels, restaurants, parking lots, healthcare facilities to apartments across more than 21 countries.

Blocksquare’s success lies in its legal structure, recognized by the first notarization of a tokenized real estate transaction on the EU land registry. 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.

In addition, Blocksquare presents its DeFi launchpad, Oceanpoint v0.5. The launchpad is now live and empowering real estate tokenization start-ups to get on track.

Blocksquare’s utility token, BST, powers the Oceanpoint DeFi ecosystem and can be staked and converted into sBST, the governance token. Community members can now use these tokens to support promising tokenization marketplace operators, while earning rewards. This initiative provides start-ups with up to a 100% discount on Blocksquare’s SaaS solutions, enabling them to launch and grow their ventures with greater ease and efficiency.

Marketplace Pools provide a democratized pathway for both marketplace operators and community members to engage and grow within the ecosystem.

“Over $100M in real estate assets in 21 countries across the globe is a clear signal to the industry that tokenizing RWAs like real estate holds immense value for creating a bridge to invest in traditional assets,” said Denis Petrovcic, Co-founder and CEO of Blocksquare. “Together, our dynamic team, committed marketplace partners, and visionary BST holder community are driving revolution in real estate, through democratized investment.”

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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.