Along with reaching the $100 million milestone, Blocksquare has launched Oceanpoint v0.5, a DeFi launchpad geared toward supporting actual property tokenization startups.
Blocksquare, one of many main blockchain firms targeted on actual property tokenization, is celebrating a brand new milestone. The corporate, based mostly in Ljubljana, Slovenia, has efficiently tokenized $100 million price of properties throughout 21 nations.
The agency, based by Denis Petrovcic, Peter Merc, and Viktor Brajak, has been within the enterprise of real-world asset (RWA) tokenization for actual property since 2017 and has up to now tokenized a complete of 118 properties.
Based on a shared press launch, these properties embrace motels, eating places, parking heaps, healthcare services, and flats, spanning completely different geographical areas worldwide.
Celebrating a $100 Million Milestone
Blocksquare attributed its success to its modern authorized construction. The platform, which allows cost-effective asset tokenization, has been acknowledged for attaining the primary notarization of a tokenized actual property transaction on the European Union land registry.
This milestone ensures safe on-chain operations and units a brand new benchmark in the true property tokenization trade, showcasing Blocksquare’s dedication to safety and technological development.
Commenting on the $100 million milestone, Petrovcic, who additionally serves because the CEO of the corporate, credited the achievement to the mixed efforts of Blocksquare’s modern group, devoted market companions, and holders of the platform’s native token, BST.
He additional emphasised that this achievement sends a transparent message to the broader crypto trade: tokenizing real-world belongings (RWAs) equivalent to actual property holds important worth. This course of can act as a bridge, enabling folks to put money into conventional belongings like actual property by means of blockchain know-how.
“Over $100M in actual property belongings in 21 nations throughout the globe is a transparent sign to the trade that tokenizing RWAs like actual property holds immense worth for making a bridge to put money into conventional belongings,” he mentioned.
Blocksquare Rolls Out New Launchpad
Along with reaching the $100 million milestone, Blocksquare has introduced the launch of Oceanpoint v0.5, a decentralized finance (DeFi) launchpad geared toward supporting actual property tokenization startups.
The corporate mentioned the launchpad is already reside and is powered by Blocksquare’s utility token, BST.
Based on the press launch, the token may be staked and transformed into its governance token, often called sBST. BST holders can even use their holdings to assist rising tokenization market operators to earn extra rewards.
The launchpad additionally gives startups with as much as a 100% low cost on Blocksquare’s SaaS options, making it simpler for them to launch and develop their ventures.
Blocksquare mentioned that market swimming pools throughout the new launchpad will provide a democratized pathway for engagement and progress, enabling each market operators and neighborhood members to thrive throughout the ecosystem.
