Banxa Adds Tokenized Real Estate Platform Blocksquare’s BST Token to Fiat Checkout
[PRESS RELEASE – Ljubljana, Slovenia, May 9th, 2024]
Blocksquare, a tokenization infrastructure provider for real estate, is delighted to announce that its native token BST has been added to the fiat checkout system of global crypto on- and off-ramp Banxa. The integration will enhance the accessibility of BST, enabling users from around the world to purchase it using a wide array of local and international payment options, including Visa, Mastercard, Apple Pay, and Google Wallet.
Renowned for its robust payment infrastructure that processes billions of dollars in transactions, Banxa’s commitment to widening financial accessibility aligns with Blocksquare’s goal of democratizing access to real estate investment. The feature is also expected to be directly integrated into Blocksquare’s marketplace solutions in the future, further simplifying the process for users to engage with real estate tokenization.
Blocksquare is designed to power hundreds of marketplaces across the globe, representing a white-label solution clients can use to create, list, issue, sell, distribute, manage, track and trade properties tokenized on its protocol.
“We are thrilled to partner with Banxa, a partnership that not only amplifies the reach and accessibility of our BST token but also significantly propels our mission of making real estate a universally accessible asset class,” said Blocksquare Co-founder and CEO Denis Petrovcic.
“This integration is a crucial step towards democratizing real estate on a global scale, enabling anyone, anywhere, to engage with real estate markets through our advanced RWA tokenization infrastructure. As we expand our growing partner network of marketplace operators worldwide, our collaboration with Banxa sets a new standard for real estate investment in the digital age.”
“We think Blocksquare developed a powerful and performant DeFi protocol in the space, significantly innovating RWA tokenization,” said Holger Arians, CEO of Banxa. “We are excited to tap into the rapid growth of the Blocksquare ecosystem to advance our central objective of increasing the adoption of blockchain technology.”
BST is Blocksquare’s utility token, which users can use for staking and also to enjoy governance power within the DAO of Oceanpoint, the platform’s dedicated decentralized finance (DeFi) platform.
A global leader in crypto payment solutions, Banxa is trusted by many leading web3 projects and exchanges such as Binance, OKX, KuCoin, and Huobi. It recently made headlines as the first company to join the UK Financial Conduct Authority’s (FCA) crypto register in 2024, a milestone which will see it expand its services to UK clients securely and in compliance with local regulations.
Blocksquare continues to lead innovations in the Real World Asset (RWA) tokenization sector, which remains predominantly illiquid and confined to private markets. The platform’s revolutionary approach not only facilitates fractional property ownership but also enhances liquidity, making it possible for everyday investors to participate in real estate markets that were traditionally out of reach. To date, its operating system has onboarded over $95 million worth of real estate assets in 21 countries.
Last year, Blocksquare achieved a landmark milestone by executing the first-ever notarization of a tokenized real estate asset and registering it into the national land registry of Slovenia. The achievement underscores the practical, real-world application and legal recognition of blockchain-based real estate transactions.
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. Blocksquare expanded its operations into the realm of decentralized finance (DeFi) with Oceanpoint – a layer on top of their established tokenization infrastructure to create borderless access to real estate financing for anyone with an internet connection.
About BANXA
Banxa’s mission is to accelerate the world to Web3 with its leading global on-and-off ramp solutions. Through its extensive network of local payment solutions paired with the required crypto licenses, Banxa gives its partners and projects access to global audiences with less friction and higher conversions. Banxa has a global team of Web3 natives – with operating headquarters in the USA, Europe and APAC regions.
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