Coinspeaker Blocksquare Celebrates Reaching $100M in Real Estate Tokenization
Blocksquare, one of the leading blockchain companies focused on real estate tokenization, is celebrating a new milestone. The company, based in Ljubljana, Slovenia, has successfully tokenized $100 million worth of properties across 21 countries.
The firm, founded by Denis Petrovcic, Peter Merc, and Viktor Brajak, has been in the business of real-world asset (RWA) tokenization for real estate since 2017 and has so far tokenized a total of 118 properties.
According to a shared press release, these properties include hotels, restaurants, parking lots, healthcare facilities, and apartments, spanning different geographical locations worldwide.
Celebrating a $100 Million Milestone
Blocksquare attributed its success to its innovative legal structure. The platform, which enables cost-effective asset tokenization, has been recognized for achieving the first notarization of a tokenized real estate transaction on the European Union land registry.
This milestone ensures secure on-chain operations and sets a new benchmark in the real estate tokenization industry, showcasing Blocksquare’s commitment to security and technological advancement.
Commenting on the $100 million milestone, Petrovcic, who also serves as the CEO of the company, credited the achievement to the combined efforts of Blocksquare’s innovative team, dedicated marketplace partners, and holders of the platform’s native token, BST.
He further emphasized that this achievement sends a clear message to the broader crypto industry: tokenizing real-world assets (RWAs) such as real estate holds significant value. This process can act as a bridge, enabling people to invest in traditional assets like real estate through blockchain technology.
“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,” he said.
Blocksquare Rolls Out New Launchpad
In addition to reaching the $100 million milestone, Blocksquare has announced the launch of Oceanpoint v0.5, a decentralized finance (DeFi) launchpad aimed at supporting real estate tokenization startups.
The company said the launchpad is already live and is powered by Blocksquare’s utility token, BST.
According to the press release, the token can be staked and converted into its governance token, known as sBST. BST holders can also use their holdings to support emerging tokenization marketplace operators to earn additional rewards.
The launchpad also provides startups with up to a 100% discount on Blocksquare’s SaaS solutions, making it easier for them to launch and grow their ventures.
Blocksquare said that marketplace pools within the new launchpad will offer a democratized pathway for engagement and growth, enabling both marketplace operators and community members to thrive within the ecosystem.
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Blocksquare Celebrates Reaching $100M in Real Estate Tokenization