Blocksquare Hits $100 Million in Tokenized Assets and Introduces DeFi Launchpad

Real-world asset (RWA) tokenization protocol, Blocksquare announced that it has tokenized $100 million worth of real estate 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 financial launch platform, Oceanpoint v0.5, aimed at empowering real estate tokenization startups.

Blocksquare Tokenizes $100M in RWA

Blocksquare’s tokenized assets include 118 properties, including restaurants, hotels, healthcare facilities, apartments and parking lots in over 21 countries. The firm said its success is tied to its legal structure, which is recognized by the notarization of a tokenized real estate transaction in the European property registry.

In September 2023, Blocksquare achieved a first-of-its-kind milestone by executing the world’s first notarial tokenization of a real estate property and integration with the Slovenian property registry. The feat unlocked the protocol’s access to an estimated $16 trillion market potential.

“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 up and running, users can stake the protocol’s utility token, BST, or convert it to the governance token sBST. The real estate tokenization infrastructure provider said Oceanpoint adds an additional layer to its already established protocol, creating access to real estate financing for anyone connected to the Internet.

Blocksquare presents DeFi Launchpad

Market participants can use BST and sBST to earn rewards while supporting tokenization market operators with great potential. Blocksquare’s launchpad initiative offers RWA tokenization startups up to 100% off their software-as-a-service (SaaS) solutions, giving them the opportunity to launch and grow their businesses with ease and efficiency.

Blocksquare co-founder and CEO Denis Petrovcic said: “More than $100 million in real estate assets in 21 countries around the world is a clear signal to the industry that representing RWA like real estate has a immense value in creating a bridge to investing in traditional assets.

Together, our dynamic team, committed market partners and BST’s visionary community of owners are driving the revolution in real estate through democratized investing.”

Meanwhile, Blocksquare said its marketplace groups provide a democratized path for operators and community members to engage and grow within the ecosystem.

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