DeFi
Blocksquare Reaches $100M Tokenized RWA, Announces DeFi Launchpad
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Blocksquare, a real estate asset tokenization protocol, has reached a major milestone. The company has successfully tokenized a diversified portfolio of real estate assets exceeding $100 million. This includes 118 properties in more than 21 countries, including hotels, restaurants and healthcare facilities.
Additionally, Blocksquare announced the launch of its DeFi launchpad, Oceanpoint v0.5. According to the company’s press release shared on Wednesday, the new platform provides real estate tokenization startups with the tools they need to succeed, powered by Blocksquare’s utility token, BST.
Blocksquare’s Utility Token (BST) plays a central role within its Oceanpoint DeFi ecosystem. Users can stake BST and convert it to sBST, a governance token. BST holders can use their tokens to support promising real estate tokenization startups and earn rewards.
The launchpad also offers substantial discounts on Blocksquare’s SaaS solutions, driving growth and efficiency for emerging businesses.
According to Denis Petrovcic, co-founder and CEO of Blocksquare, real estate tokenization has transformative potential to streamline access to investments in traditional assets.
“Over $100 million in real estate assets in 21 countries across the world is a clear signal to the industry that tokenizing RWA like real estate has immense value in creating a bridge to invest in traditional assets” , noted Petrovcic. “Together, our dynamic team, engaged market partners and visionary community of BST holders are driving the revolution in real estate, through democratized investing.
Created in 2017, Blocksquare’s real estate tokenization protocol provides a standardized method for digitizing the value of a single piece of real estate. The company aims to enable businesses to digitize the value of their properties, launch investment platforms, and connect investors to tokenized real estate transactions.
Last year, Blocksquare successfully executed the world’s first notarized tokenization of real estate registered in the EU Land Registry. The event increased recognition for the company and helped set a new standard for secure on-chain transactions.
Besides the real estate tokenization protocol, Blocksquare offers a white-label marketplace and a DeFi bridging solution. The company has expanded into decentralized finance with the launch of Oceanpoint in 2022, allowing real estate owners to access DeFi markets.
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