Blocksquare, an actual property asset tokenization protocol, has reached a serious milestone. The agency efficiently tokenized a various portfolio of actual property property exceeding $100 million. This contains 118 properties throughout greater than 21 nations, together with motels, eating places, and healthcare amenities.

As well as, Blocksquare introduced the launch of its DeFi launchpad, Oceanpoint v0.5. In response to the agency’s press release shared Wednesday, the brand new platform gives actual property tokenization startups with the instruments they should succeed, powered by Blocksquare’s utility token, BST.

Blocksquare’s utility token (BST) performs a central position inside its Oceanpoint DeFi ecosystem. Customers can stake BST and convert it to sBST, a governance token. BST holders can use their tokens to help promising actual property tokenization startups and earn rewards.

The launchpad additionally affords substantial reductions on Blocksquare’s SaaS options, fostering progress and effectivity for rising ventures.

In response to Denis Petrovcic, Co-founder and CEO of Blocksquare, actual property tokenization has transformative potential to streamline entry to conventional asset investments.

“Over $100M in real estate assets in 21 countries across the globe is a clear signal to the industry that tokenizing RWAs like real estate holds immense value for creating a bridge to invest in traditional assets,” Petrovcic famous. “Together, our dynamic team, committed marketplace partners, and visionary BST holder community are driving revolution in real estate, through democratized investment.”

Established in 2017, Blocksquare’s Actual Property Tokenization Protocol gives a standardized technique for digitizing the worth of a single actual property property. The corporate goals to allow companies to digitize the worth of their properties, launch funding platforms, and join traders to tokenized actual property offers.

Final yr, Blocksquare efficiently executed the world’s first notarized tokenization of an actual property property within the EU land registry. The occasion has elevated the agency’s recognition and helped set a brand new normal for safe on-chain transactions.

Aside from the actual property tokenization protocol, Blocksquare affords a white-label market and a DeFi bridge resolution. The corporate expanded into decentralized finance with the launch of Oceanpoint in 2022, enabling actual property homeowners to entry DeFi markets.