In correspondence with Bitcoin.com News, Blocksquare highlighted its latest accomplishment: the tokenization of 118 properties, including hotels and healthcare facilities, across 21 countries. This milestone is supported by the European Union’s first notarization of a tokenized real estate transaction, reinforcing the legal framework for secure blockchain operations.

Blocksquare aims to establish new global standards for the security and efficiency of real estate investments. “With over $100 million in real estate assets tokenized in 21 countries, it’s clear that tokenizing real-world assets like real estate has significant value for bridging investments in traditional assets,” said Denis Petrovcic, Blocksquare’s co-founder and CEO.

Additionally, Blocksquare has launched Oceanpoint v0.5, a defi platform designed to assist startups in real estate tokenization. The platform offers tools and financial incentives, such as substantial discounts on Blocksquare’s SaaS solutions, to facilitate easier entry and scalability for new businesses in this sector. This initiative is powered by Blocksquare’s utility token, BST, which enables community participation in governance and staking rewards.

Real-world asset (RWA) tokenization has gained substantial popularity due to the growth of defi protocols, increased interest from financial institutions and governments, and benefits like increased liquidity, reduced costs, transparency, and accessibility to previously illiquid assets. The RWA landscape has evolved significantly from initially focusing on assets like gold and the U.S. dollar.