Banxa adds the BST token from the tokenized real estate platform Blocksquare to the fiat checkout.

On May 9, 2024, in Ljubljana, Slovenia, the company ChainwireBlocksquare, which provides infrastructure for real estate tokenization, is pleased to announce the addition of its native token BST to the fiat payment system of the global crypto gateway Banxa. This integration will significantly enhance the accessibility of BST, allowing users from various corners of the globe to purchase it using a wide range of local and international payment methods, including Visa, Mastercard, Apple Pay, and Google Wallet.

Known for its powerful payment infrastructure that processes billions of dollars in transactions, Banxa focuses on expanding financial accessibility, which aligns perfectly with Blocksquare's goal of democratizing real estate investments. This functionality is also planned to be integrated into Blocksquare's market solutions in the future, significantly simplifying the process for users to engage with real estate tokenization.

Support for marketplaces

Blocksquare aims to support hundreds of marketplaces around the world by offering white-label solutions that clients can use for:

• creation
• placement
• emissions
• sales
• distributions
• management
• tracking
• tokenized real estate trading

“We are incredibly excited to partner with Banxa. This partnership not only expands the capabilities and accessibility of our BST token but also significantly accelerates our mission to transform real estate into an asset class accessible to everyone,” said Denis Petrovich, co-founder and CEO of Blocksquare. “This integration is an important step towards the democratization of real estate on a global scale, allowing anyone, anywhere in the world, to participate in real estate markets through our advanced RWA tokenization infrastructure. As our network of partners among marketplace operators around the world grows, our collaboration with Banxa sets a new standard for real estate investment in the digital age.”

“We believe that Blocksquare has developed a powerful and effective DeFi protocol in this area, significantly enhancing the tokenization of RWA,” said Holger Arians, CEO of Banxa. “We are excited to leverage the rapid growth of the Blocksquare ecosystem to achieve our main goal of increasing the adoption of blockchain technologies.” Banxa is a global leader in crypto payment solutions and is trusted by many leading web3 projects and exchanges, such as Binance, OKX, KuCoin, and Huobi.

Recently, the company found itself in the news, becoming the first to enter the cryptocurrency register created by the UK's Financial Conduct Authority (FCA) in 2024 – an important step that allows it to safely offer its services to clients in the UK in accordance with local regulations.

Innovations in the tokenization sector

Blocksquare continues to innovate in the sector of tokenization of real-world assets (RWA), which still remains largely illiquid and limited to private markets. The platform's revolutionary approach not only facilitates fractional ownership of real estate but also increases liquidity, allowing everyday investors to participate in real estate markets that were previously inaccessible.

Last year, Blocksquare reached a historic milestone by completing the world's first notarial registration of a tokenized real estate asset and registering it in Slovenia's national land registry. This achievement highlights the practical application and legal recognition of blockchain-based real estate transactions.

About the company Blocksquare

Blocksquare is an award-winning company developing the world's leading real estate tokenization system based on blockchain technology. Headquartered in Ljubljana, Slovenia, Blocksquare collaborates closely with Medius, a leading provider of business software solutions in Central and Eastern Europe, in the development of its high-tech system.

Blocksquare's vision is to create hundreds of platforms around the world that connect investors with real estate opportunities in their regions. With its real estate tokenization protocol, anyone can start digitizing real estate assets for a small amount of money, while the white-label platform provides the fastest way to launch an online marketplace. Blocksquare has expanded its operations into the realm of decentralized finance (DeFi) with Oceanpoint, which adds a layer on top of their established tokenization infrastructure, creating limitless access to real estate financing for any users with internet access.

About BANXA

Banxa's mission is to accelerate the transition to Web3 through its leading global market entry and exit solutions. With a wide network of local payment solutions and necessary crypto licenses, Banxa provides its partners and projects access to a global audience with lower costs and higher conversions. Banxa has an international team of Web3 professionals, with operational headquarters in the USA, Europe, and the Asia-Pacific region.

Contact

CMO
Yulia Bukholtz
[email protected]

This article was first published on Chainwire.