Blocksquare Celebrates Reaching $100M in Real Estate Tokenization

by

As an analyst with a background in real estate and blockchain technology, I am thoroughly impressed by Blocksquare’s latest achievement of tokenizing $100 million worth of properties across 21 countries. This milestone is a testament to the company’s innovative approach and commitment to security and technological advancement in the real estate tokenization industry.

Blocksquare, one of the leading blockchain companies focused on real estate tokenization, is celebrating a new milestone. The company, based in Ljubljana, Slovenia, has successfully tokenized $100 million worth of properties across 21 countries.

Since its founding by Denis Petrovcic, Peter Merc, and Viktor Brajak in 2017, this firm has specialized in the tokenization of real-world assets (RWAs) for real estate. To date, they have successfully tokenized a total of 118 properties.

Based on the joint press announcement, these assets encompass various types of real estate such as hotels, eateries, car parks, medical centers, and residential apartments, scattered across diverse regions globally.

Celebrating a $100 Million Milestone

As a successful crypto investor and regular user of Blocksquare, I can attest to the unique advantage that sets this platform apart from its competitors. I’m referring to its groundbreaking legal framework, which facilitates cost-effective asset tokenization. Recently, Blocksquare made headlines by accomplishing an impressive feat – notarizing the first tokenized real estate transaction on the European Union land registry. This achievement further solidifies their reputation as a trailblazer in the crypto industry.

Reaching this achievement reinforces safe transactions on the blockchain and raises the bar for real estate tokenization, reflecting Blocksquare’s dedication to security and innovation.

Petrovcic, who is both the CEO of Blocksquare and made this comment, attributed the $100 million milestone to the collaborative efforts of our groundbreaking team, committed marketplace associates, and token holders of BST.

He underscored the importance of this milestone for the cryptocurrency sector, highlighting that the tokenization of real-world assets (RWAs), including real estate, carries great significance. This procedure serves as a connecting link, empowering investors to acquire traditional assets like property through the utilization of blockchain technology.

He stated, “With over $100 million worth of real estate assets spread across 21 countries, this is a strong indication to the market that tokenizing Real Estate Rights of Assets (RWAs) represents significant value and opens up new opportunities for investing in traditional assets.”

Blocksquare Rolls Out New Launchpad

Beyond hitting the $110 million mark, Blocksquare has unveiled the debut of Oceanpoint v0.5 – a Decentralized Finance (DeFi) platform specifically designed to foster new real estate tokenization initiatives as startups.

The company said the launchpad is already live and is powered by Blocksquare’s utility token, BST.

The announcement states that the token can be deposited to receive its associated governance token, named sBST. Holders of BST can then employ their tokens to back new operators in the developing tokenization marketplace sector, earning extra incentives as a reward.

As a crypto investor, I can tell you that using a launchpad comes with numerous benefits for startups in the cryptocurrency space. One such advantage is the potential savings they can gain from using Blocksquare’s SaaS solutions. Specifically, these startups may be eligible for discounts of up to 100% on Blocksquare’s software services. This significant cost reduction enables new ventures to focus their resources on other essential aspects of launching and growing their businesses.

In simpler terms, Blocksquare stated that the marketplace pools in the upcoming launchpad provide an equal opportunity for involvement and advancement. This means that not only marketplace administrators but also community participants can prosper within this platform.

Read More

2024-05-29 15:52