Blocksquare hits $100M in tokenized actual property with launch of Oceanpoint v0.5

Blockchain-based tokenization platform, Blocksquare, at present mentioned it has crossed a milestone with the tokenization of $100 million value of actual property properties, coinciding with the launch of its new DeFi launchpad, Oceanpoint v0.5.

To date, the protocol devoted for the actual property business has tokenized 118 belongings, together with resorts, eating places, parking heaps, healthcare services, and residences throughout greater than 21 nations. 

Oceanpoint v0.5 additionally helps actual property tokenization start-ups. Blocksquare’s utility token, BST, powers the Oceanpoint DeFi ecosystem, the place customers can stake BST and convert it into the governance token sBST. 

This setup permits neighborhood members to assist tokenization market operators and earn rewards. The initiative additionally presents start-ups reductions on Blocksquare’s SaaS options to assist them launch and develop their ventures. 

In the meantime, Market Swimming pools present a platform for each market operators and neighborhood members to interact inside the ecosystem.

The idea of tokenizing numerous real-world belongings has been round for a few years, however current developments in blockchain regulation and institutional adoption have accelerated this course of.

Blocksquare says its authorized construction is validated by the primary notarized tokenized actual property transaction on the EU land registry, which is an important aspect in its functionality to carry out safe on-chain operations.

This pattern is evident within the efforts to tokenize belongings like inexperienced bonds, as seen with Hong Kong and Societe Generale (OTC:) earlier this yr. Blocksquare made historical past by finishing the world’s first notarized tokenization of an actual property property in September 2023.

Denis Petrovcic, Co-founder and CEO of Blocksquare, said, “Tokenizing over $100 million in actual property belongings throughout 21 nations highlights the potential of RWA tokenization in bridging investments in conventional belongings.”

Blocksquare presents SaaS options for blockchain-based actual property tokenization to attach traders to actual property alternatives globally. Primarily based in Ljubljana, Slovenia, Blocksquare’s platform allows the digitization of actual property belongings, permitting properties to be tokenized and traded on the blockchain and helps the launch of on-line marketplaces.