Blocksquare partners for first-ever tokenization of a tequila distillery By Chainwire

Ljubljana, Slovenia, August 29, 2024, Chainwire

Blocksquare’s (NASDAQ:) latest Marketplace Pool for RWA investment is now live, marking the platform’s third DAO funding pool following the rapid sell-out of its previous campaigns on the Oceanpoint launchpad in less than 36 hours. Rancho Altos, a project that merges tequila distillery operations with real estate development, allows $BST (Blocksquare token) holders to invest in the world’s first tokenization of a tequila distillery, democratizing investment in an industry that was previously inaccessible to retail investors.

Located in Jalisco, Mexico, Rancho Altos combines traditional artisanal tequila production in its native region with a comprehensive real estate plan that blends cultural heritage with sustainable real estate development. The project features a distillery, luxury villas, a wellness center, a farm-to-table restaurant, and ecotourism facilities on an 82-hectare estate.

Jalisco is renowned for its ideal conditions for growing blue agave, essential for producing high-quality tequila. The tequila market currently represents an $11.7 billion industry, and is expected to reach $18.6 billion by 2032, with only 135 approved distilleries across Mexico. Rancho Altos and Blocksquare are opening up the market to tequila investment for retail investors who otherwise wouldn’t have the opportunity.

“Rancho Altos embodies a convergence of tradition and innovation, combining the rich legacy of tequila production with modern, sustainable real estate development,” said Denis Petrovcic, CEO of Blocksquare. “Offering this unique opportunity to our community demonstrates how blockchain technology and tokenization can open up investment opportunities that were previously out of reach. This seed fund demonstrates the potential of integrating cultural assets with sustainable practices, while underscoring our commitment to democratizing access to high-value real estate investments.”

By using blockchain technology and tokenization, Rancho Altos opens the door to a broader range of individuals who can invest in both tequila production and the associated real estate, creating new avenues for participation in this asset class. Successful funding of this campaign will support the establishment of Rancho Altos’ own marketplace for tokenized assets, covering the costs of building the distillery and further developing the estate.

“Rancho Altos’ vision intertwines heritage, innovation and sustainability in a way the tequila industry has never seen,” said Marcos Galindo, founder of Rancho Altos. “Our mission has been to create a distillery that stands as a model of responsible production through a design that honors traditional methods to set new standards for environmental stewardship. By integrating cutting-edge practices and a unique master plan, we are forging a legacy that will resonate far beyond our own borders. With the support of forward-thinking partners like Blocksquare, Rancho Altos is poised to redefine what is possible in both the world of tequila and sustainable real estate development.”

Users are invited to join the Market Pool by:

Acquisition of sBST tokens: Stake $BST tokens in the Oceanpoint governance pool to receive sBST tokens.

sBST Promise: Use sBST tokens to contribute to the Rancho Altos market pool.

Support and voting: Your contribution and vote are important for the success of the campaign. Participation offers the possibility of obtaining future rewards and better returns for participation.

Campaign tracking: The campaign is open from August 28th. Stay informed about the progress of the campaign.

Blocksquare’s DAO community is actively participating by voting and contributing governance tokens for this project. In the event that Rancho Altos reaches its marketplace fund funding goal, reaching 100,000 sBST invested by the community, the project will be listed on Blocksquare’s SaaS solutions at no charge. This includes the white-label marketplace platform, allowing them to set up their own Rancho Altos marketplace and launch their offering, the Tequila Distillery.

For more details on the pool, please read here or access the market pool here.

About Blocksquare

Blocksquare offers SaaS solutions for blockchain-based real estate tokenization. Based in Ljubljana, Slovenia, Blocksquare’s platform aims to power a global network of marketplaces, connecting investors with real estate opportunities in their region. Through its real estate tokenization protocol, anyone can digitize real estate assets at a fraction of the cost, while offering the fastest way to launch an online marketplace. Blocksquare’s Oceanpoint adds a layer to its established tokenization infrastructure to create borderless access to real estate finance, for anyone with an internet connection.

ContactMarketing DirectorJulia BuchholzSquare block[email protected]

This article was originally published on Chainwire