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Blocksquare Hits $100M in Tokenized Properties, Unveils DeFi Launchpad
Real-world asset (RWA) tokenization protocol, Blocksquare announced that it has tokenized $100 million worth of real estate properties on its platform.
According to a press release sent to CryptoPotato, the tokenization of $100 million in real estate assets coincides with the launch of Blocksquare’s decentralized finance launchpad, Oceanpoint v0.5, geared towards empowering real estate tokenization startups.
Blocksquare Tokenizes $100M in RWAs
Blocksquare’s tokenized assets encompass 118 properties, including restaurants, hotels, healthcare facilities, apartments, and parking lots across over 21 countries. The firm said its success is tied to its legal structure, which is recognized by the notarization of a tokenized real estate transaction on the European land registry.
In September 2023, Blocksquare achieved a first-of-its-kind milestone by uting the world’s first notarized tokenization of a real estate property and integrating it with the Slovenian land registry. The feat unlocked the protocol’s access to approximately $16 trillion market potential.
With Blocksquare’s Oceanpoint eco having gone live, users can stake the protocol’s utility token, BST, or convert it to the governance token sBST. The real estate tokenization infrastructure provider said Oceanpoint adds an additional layer to its already established protocol, creating access to real estate financing for anyone connected to the internet.
Blocksquare Unveils DeFi Launchpad
Market participants can use BST and sBST to earn rewards while supporting tokenization marketplace operators with great potential. Blocksquare’s launchpad initiative gives RWA tokenization startups up to 100% discount on its software-as-a-service (SaaS) solutions, availing them an opportunity to launch and grow their ventures with ease and efficiency.
Meanwhile, Blocksquare said its marketplace pools provide a democratized pathway for operators and community members to engage and grow within the eco.
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