[PRESS RELEASE – Ljubljana, Slovenia, March 2nd, 2024]
Blocksquare, a pioneering force in real estate tokenization, has confirmed that its native Blocksquare Token (BST) will be available for trading on leading cryptocurrency exchange Gate.io from March 4.
The news marks a major milestone in Blocksquare’s journey to transform the property investment landscape, enabling investors to take advantage of commercial real estate opportunities in their region.
“We are delighted to broaden access to our BST token through this partnership with a great tier-1 exchange in Gate.io,” said Blocksquare Co-founder and CEO Denis Petrovcic. “Investors are increasingly keen to leverage blockchain technology to make investments in old-fashioned bricks and mortar and we aim to help them do just that, with minimal friction.”
The Blocksquare Token is at the heart of its ecosystem, serving as a utility token that powers the blockchain-based protocol. Through Oceanpoint, Blocksquare’s dedicated decentralized finance (DeFi) platform, BST holders can stake their tokens to receive Staked BST (sBST) with the mechanism both rewarding users and empowering them with voting rights in the Oceanpoint DAO.
With Oceanpoint facilitating the purchase and staking of real estate tokens, participation in the typically illiquid real estate market is simplified. Businesses ranging from startups to large enterprises can also leverage Blocksquare’s solutions and APIs to digitize the value of real estate, launch their investment platforms, and connect investors to tokenized property deals online.
Built on Ethereum and IPFS, the platform allows for any single real estate property to be fractionalized into 100,000 tokens, either partially or in full, applicable to any common legal ownership form.
To date, Blocksquare’s operating system has successfully onboarded over $80 million worth of real assets across 19 nations, showcasing its tremendous potential to transform real estate investment on a global scale. Last year, the company achieved a major coup by executing the world’s first notarized tokenization of a real estate property in the Slovenian capital of Ljubljana.
The integration with Gate.io, a major player in the centralized exchange (CEX) market, is a testament to Blocksquare’s growing influence in the sector. Last year, Gate.io was responsible for trading volume of $1.72 trillion, with spot trading volume alone surpassing $590 billion. The platform’s user base has also seen substantial growth and now boasts nearly 15 million accounts.
With the ambition to eventually power hundreds of property tokenization platforms around the world, Blocksquare is dedicated to making real estate investment more accessible, efficient, and transparent.
About Blocksquare
Blocksquare is an award-winning company developing the world’s leading blockchain-based real estate tokenization system. Headquartered in Ljubljana, Slovenia (EU), Blocksquare has developed a state-of-the-art system in close co-operation with Medius – the leading provider of enterprise software solutions in the CEE region.
Blocksquare’s vision is to power 100s of platforms across the globe, connecting investors to real estate opportunities in their region. With its real estate tokenization protocol, anyone can start digitizing real estate assets at a fraction of the cost, while its white-label platform provides the quickest way to launch an online marketplace. More recently, Blocksquare expanded its operations into the realm of decentralized finance (DeFi) with Oceanpoint – a new layer on top of their established tokenization infrastructure to create borderless access to real estate financing for anyone with an internet connection.
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Contact
Julia Buchholz
marketing@blocksquare.io
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