Breakthrough notary tokenization sets the standard for institutional real estate.

Blocksquare announces that it has reached a major milestone in the real world assets (RWA) and decentralized finance (DeFi) space with its first-of-its-kind real estate tokenization and its subsequent integration with the council real estate registry. To date, the blockchain infrastructure provider has already tokenized over $70 million worth of real estate in 15 countries using the Blocksquare tokenization protocol.

Tokenization is the process by which the rights to a physical asset, such as real estate, are converted into digital tokens on the blockchain. Each of these tokens represents a fraction of the value of the real estate asset. These tokens can be easily purchased, sold or exchanged, which, according to Denis''Petrovcic, CEO of Blocksquare, is paving the way for a secure and transparent real estate ownership system. He says: "Blocksquare has turned what once seemed a distant dream into a reality".

Tokenization of a real estate asset has further strengthened the legally binding protocol that Blocksquare now provides, an infrastructure that any institution or property owner can use. By integrating notarization into the real estate tokenization process, Blocksquare was able to achieve successful legalization through a public notary who certified the transaction and provided legal recognition and enforcement of the tokenization.

According to a recent Bank of America report, "blockchain-based real-world asset tokenization (RWA) is gaining popularity among large financial institutions and other major brands." RWA asset tokenization has become a convenient way to buy and sell assets, as it can be conducted at any time without requiring the involvement of traditional brokers. In addition, Boston Consulting Group (BCG) predicts that the aggregate value of tokenized opaque assets, including real estate and natural resources, could reach $16.1 trillion by 2030.

According to Petrovcic, Blocksquare's tokenization of real estate assets has laid the foundation for broader opportunities in areas''real estate and blockchain. The successful merger of blockchain technology with the land registry ensures regulatory compliance, security and jurisdictional adaptability, opening up many opportunities for investors looking to participate in the global real estate market through blockchain-based solutions.

This groundbreaking achievement was the result of the team's bold and innovative thinking. Blocksquare is deeply grateful to everyone involved, especially Peter Meers, co-founder and head of communications, Manka Petrovcic, head of legal, and notary Barbara Andrić Velkovr. Their clear vision and belief in the revised property ownership structure played a key role in this success.