Ljubljana, Slovenia, May 9, 2024, Chainwire
Blocksquare, a provider of tokenization infrastructure for real estate, is pleased to announce that its native BST token has been added to Banxa's global cryptocurrency in-out fiat payment system. The integration will improve the accessibility of BST, allowing users around the world to purchase it using a wide range of local and international payment options, including Visa (NYSE:), Mastercard (NYSE:), Apple (NASDAQ:) Pay and Wallet Google (NASDAQ 🙂).
Recognized for its robust payments infrastructure that processes billions of dollars in transactions, Banxa's commitment to expanding financial accessibility aligns with Blocksquare's goal of democratizing access to real estate investment. The feature is also expected to be integrated directly into Blocksquare's marketplace solutions in the future, further simplifying the process for users to interact with real estate tokenization.
Blocksquare is designed to power hundreds of marketplaces around the world, representing a white label solution that customers can use to create, list, issue, sell, distribute, manage, track and exchange tokenized properties on its protocol.
“We are delighted to partner with Banxa, a partnership that not only amplifies the reach and accessibility of our BST token, but also significantly advances our mission of making real estate a universally accessible asset class,” said co-founder and director Blocksquare executive Denis Petrovcic.
“This integration is a crucial step towards democratizing the real estate sector on a global scale, allowing anyone, anywhere, to interact with real estate markets through our advanced RWA tokenization infrastructure. As we expand our growing partner network of market operators around the world, our collaboration with Banxa sets a new standard for real estate investment in the digital age.”
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“We believe Blocksquare has developed a powerful, high-performance DeFi protocol in the space, significantly innovating RWA tokenization,” said Holger Arians, CEO of Banxa. “We are excited to leverage the rapid growth of the Blocksquare ecosystem to advance our core goal of increasing the adoption of blockchain technology.”
Banxa, a global leader in crypto payment solutions, is trusted by many leading web3 projects and exchanges, such as Binance, OKX, KuCoin and Huobi. It recently made headlines as the first company to join the UK Financial Conduct Authority's (FCA) crypto register in 2024, a milestone that will allow it to expand its services to UK customers securely and in compliance with local regulations. .
Blocksquare continues to lead innovations in the real-world asset (RWA) tokenization sector, which remains predominantly illiquid and confined to private markets. The platform's revolutionary approach not only facilitates fractional property ownership, but also improves liquidity, making it possible for everyday investors to participate in real estate markets that were traditionally out of reach. To date, its operating system has incorporated more than $95 million in real estate assets in 21 countries.
Last year, Blocksquare achieved a historic milestone by executing the first notarization of a tokenized real estate asset and registering it in the Slovenian national property registry. The achievement underlines the practical real-world application and legal recognition of blockchain-based real estate transactions.
About Blocksquare
Blocksquare is an award-winning company developing the world's leading blockchain-based real estate tokenization system. Headquartered in Ljubljana, Slovenia (EU), Blocksquare has developed a state-of-the-art system in close collaboration with Medius, the leading provider of enterprise software solutions in the CEE region.
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Blocksquare's vision is to power hundreds of platforms around the world, connecting investors with real estate opportunities in their region. With its real estate tokenization protocol, anyone can start digitizing real estate assets at a fraction of the cost, while its white label platform provides the fastest way to launch an online marketplace. Blocksquare expanded its operations into the decentralized finance (DeFi) space with Oceanpoint, a layer on top of its established tokenization infrastructure to create borderless access to real estate financing for anyone with an internet connection.
About BANXA
Banxa's mission is to accelerate the world towards Web3 with its leading global inbound and outbound solutions. Through its extensive network of local payment solutions combined with required crypto licenses, Banxa provides its partners and projects access to global audiences with less friction and higher conversions. Banxa has a global team of Web3 natives, with operational headquarters in the US, Europe and APAC regions.
Contactmarketing directorJulia Buchholz[email protected]
This article was originally published on Chainwire.
