The RWA tokenization protocol, Blocksquare, made an exciting announcement today, revealing that they have successfully tokenized $100 million worth of assets. This milestone coincides with the launch of Blocksquare’s Oceanpoint v0.5 launchpad.
This impressive achievement involves the tokenization of 118 different properties, including apartments, restaurants, parking lots, hotels, and medical facilities, spanning across 21 countries.
Blocksquare’s success can be attributed to its robust legal framework, as evidenced by the first notarization of a tokenized real estate transaction on the EU land registry. This accomplishment enables secure on-chain activities and sets a new global benchmark, highlighting Blocksquare’s commitment to security and innovation in the real estate tokenization industry.
In addition to this, Blocksquare also introduces Oceanpoint v0.5, their DeFi launchpad. This launchpad is now operational and aims to support startups focused on real estate tokenization.
The Oceanpoint DeFi ecosystem is powered by Blocksquare’s utility token, BST, which can be staked and converted into sBST, the governance token. Community members now have the opportunity to earn incentives by supporting prospective tokenization marketplace operators with these tokens. This initiative allows startups to access Blocksquare’s SaaS solutions at a discounted rate, making it more convenient and efficient for them to grow their businesses.
Marketplace Pools provide a platform for community members and marketplace operators to interact and collaborate within the ecosystem.
Denis Petrovcic, Co-founder and CEO of Blocksquare, expressed his excitement about these developments.
