Blockchain-based tokenization platform Blocksquare today said it has passed a milestone with the tokenization of $100 million worth of real estate, coinciding with the launch of its new DeFi launchpad, Oceanpoint v0.5.
So far, the protocol dedicated to the real estate industry has tokenized 118 assets, including hotels, restaurants, parking lots, healthcare facilities, and apartments in more than 21 countries.
Oceanpoint v0.5 also supports real estate tokenization startups. Blocksquare's utility token, BST, powers the Oceanpoint DeFi ecosystem, where users can stake BST and convert it to the sBST governance token.
This setup allows community members to support tokenization market operators and earn rewards. The initiative also offers startups discounts on Blocksquare's SaaS solutions to help them launch and grow their businesses.
Meanwhile, Marketplace Pools provides a platform for both marketplace operators and community members to participate in the ecosystem.
The concept of tokenizing various real-world assets has been around for many years, but recent advances in blockchain regulation and institutional adoption have accelerated this process.
Blocksquare says its legal structure is validated by the first tokenized real estate transaction notarized in the EU land registry, which is a crucial element in its ability to conduct secure on-chain operations.
This trend is clear in efforts to tokenize assets like green bonds, as seen in Hong Kong and Societe Generale (OTC 🙂 earlier this year. Blocksquare made history by completing the world's first notarized tokenization of a real estate property in September of 2023.
Denis Petrovcic, co-founder and CEO of Blocksquare, stated: “The tokenization of over $100 million in real estate assets across 21 countries highlights the potential of RWA tokenization to bridge investments in traditional assets.”
Blocksquare offers SaaS solutions for blockchain-based real estate tokenization to connect investors with real estate opportunities globally. Headquartered in Ljubljana, Slovenia, Blocksquare's platform enables the digitization of real estate assets, allowing properties to be tokenized and traded on the blockchain and supporting the launch of online marketplaces.
