Blocksquare Tokenizes $100M in Real Estate, Launches DeFi Platform for Global Property Investments
May 29, 2024Blockchain-based tokenization platform Blocksquare has tokenized $100 million worth of real estate properties across 118 assets in 21 countries.
The success is attributed to its secure and legal tokenization solution, highlighted by the first notarized tokenized real estate transaction on the EU land registry.
Blocksquare has launched Oceanpoint v0.5, a DeFi launchpad that supports real estate tokenization start-ups.
The platform's utility token, BST, allows users to stake and earn rewards, and can be converted into the governance token sBST.
Marketplace Pools within the Blocksquare ecosystem offer engagement opportunities and discounts on SaaS solutions for start-ups.
Co-founder and CEO Denis Petrovcic sees the tokenization of traditional assets as a way to bridge investments and democratize access to global real estate opportunities.
Summary based on 2 sources
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Sources
Investing.com • May 29, 2024
Blocksquare hits $100M in tokenized real estate with launch of Oceanpoint v0.5Hackread - Latest Cybersecurity, Tech, Crypto & Hacking News • May 29, 2024
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