Blocksquare, developer of the RWA tokenization protocol, has released Oceanpoint v0.5, which includes a market pool for decentralized real estate investment and tokenization. This update simplifies the process of funding tokenized real estate for marketplace operators and community members.
The market pool allows operators to submit proposals to the BST community. These proposals can include a detailed business plan and key performance indicators. Community members then approve investment proposals with a minimum deposit of 500sBST. Proposals must reach 100,000sBST for the community to fully support and extend APY incentives.
Denis Petrovcic, co-founder and CEO of Blocksquare, said.
Marketplace operators can more easily attract the necessary support for the project and demonstrate their commitment to the project by setting performance targets within a certain timeframe and providing shares as collateral. Community members can support these efforts and earn higher APY rewards as the supported marketplaces reach growth targets.
What is RWA tokenization?
Real World Asset (RWA) #tokenization creates virtual investment products linked to tangible assets, such as real estate, precious metals, art and collectibles, on the #blockchain . Instead of traditional physical documents such as deeds to a house, ownership is digitized and recorded on the blockchain. This digital title can be directly exchanged or shared between parties. This allows multiple people to invest in a single asset.
RWA tokenization has a number of advantages. It significantly reduces costs by eliminating intermediaries such as lawyers, brokers and banks. In addition, the continuous operation of the blockchain allows assets to be traded quickly and efficiently 24 hours a day.
This approach also lowers barriers to entry and creates greater liquidity in the market. The transparency inherent in #blockchain technology also increases the trust and accountability of traders.
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