The leading blockchain company, Blocksquare Reaches 100M Dollars in real estate tokenization, and introduces Oceanpoint v0.5.
Blocksquare, a prominent blockchain organization specializing in the tokenization of real estate, is commemorating a significant achievement. Across twenty-one countries, the Ljubljana, Slovenia-based company has effectively tokenized properties valued at $100 million.
Since its inception in 2017, the company established by Denis Petrovic, Peter Merc, and Viktor Brajak has specialized in tokenizing real estate assets (RWAs), with a cumulative tally of 118 properties tokenized to date.
Per a joint press release, these establishments comprise apartments, hotels, restaurants, parking sites, and healthcare facilities dispersed across various global locations.
Commemorating a Milestone of $100 Million Tokenization
The success of Blocksquare was ascribed to its pioneering legal framework. The platform accomplished the first notarization of a tokenized real estate transaction on the European Union’s land registry, facilitating wallet-friendly asset tokenization.
This significant achievement establishes a novel standard in real estate tokenization and guarantees the protection of on-chain operations; it also demonstrates Blocksquare’s dedication to technological progress and security.
Petrovcic, who concurrently holds the position of CEO at the organization, expressed his satisfaction with the $100 million milestone, attributing it to the collaborative endeavors of Blocksquare’s pioneering staff, committed marketplace collaborators, and proprietors of the platform’s native token, BST.
Additionally, he emphasized that this accomplishment conveys a distinct message to the broader cryptocurrency sector: tokenizing tangible assets (RWAs), such as real estate, carry substantial worth. Through this procedure, individuals can invest in conventional investments such as real estate via blockchain technology.
“More than $100 million in real estate assets across 21 countries signifies to the industry that tokenizing RWAs, such as real estate, has tremendous value as a conduit to investing in traditional assets,” he explained.
The Launch of Blocksquare’s New Launchpad
Blocksquare has announced the launch of Oceanpoint v0.5, a decentralized finance (DeFi) launchpad designed to assist real estate tokenization enterprises, in addition to surpassing the $100 million milestone.
According to the company, the launchpad is currently operational and powered by Blocksquare’s utility token, BST.
The press release states that the token is tradable for its governance token, sBST, upon staking. Additionally, BST holders can support emergent tokenization marketplace operators to receive additional rewards.
Additionally, the launchpad offers discounts of up to 100 percent on Blocksquare’s SaaS solutions for entrepreneurs, facilitating the launch and expansion of their businesses.
According to Blocksquare, integrating marketplace pools into the new launchpad will provide an inclusive and accessible means for community members and marketplace operators to participate and advance, fostering a thriving ecosystem.
