Unlocking $16 Trillion: First Tokenized Property Successfully Registered in EU Land Registry, Setting New Standards
[PRESS RELEASE – Ljubljana, Slovenia, September 28th, 2023]
Leading the Way in Secure Real Estate Tokenization, Blocksquare Redefines Property Ownership Through Notarized Transactions
In a revolutionary leap forward for the real estate and blockchain sectors, Blocksquare has achieved an unparalleled milestone by successfully executing the world’s first notarized tokenization of a real estate property, now officially integrated with the Slovenian land registry. This breakthrough achievement unlocks access to a staggering $16 trillion market potential. With a focus on real-world asset tokenization, Blocksquare has solidified its status as a trailblazer, emphasizing real estate offerings and establishing an ironclad infrastructure to ensure uncompromised security and regulatory compliance.
Since its inception, Blocksquare has been dedicated to reshaping property ownership paradigms through blockchain technology. The company has steadfastly prioritized real estate, and its innovative approach culminates in the meticulous notarization and recording of transactions within the official land register, providing investors and stakeholders unparalleled peace of mind.
Denis Petrovcic, CEO of Blocksquare, expresses profound pride in the achievement: “This momentous milestone is the result of our unwavering commitment to revolutionize real estate tokenization. We’ve transformed an ambitious concept into a tangible reality.”
Real estate tokenization, a process whereby the rights to physical assets like properties are converted into digital tokens on a blockchain, has been the cornerstone of Blocksquare’s strategy. These tokens, each signifying a fractional value of the property, are readily tradable and offer a robust, secure, and transparent avenue for property ownership and investment.
Blocksquare’s achievement extends beyond tokenization by introducing a legally binding dimension. By seamlessly integrating notarization into the tokenization process, Blocksquare has successfully navigated the legal realm, ensuring transactions are authenticated by a public notary and subsequently recognized and enforced under the law. This monumental step stands as a transformative moment, not only for Blocksquare but also for the real estate industry as a whole.
Bank of America’s recent report acknowledges the rapid adoption of blockchain-based tokenization of real-world assets, particularly among major financial institutions and prominent brands. This shift has streamlined buying and selling processes by eliminating traditional intermediaries. Additionally, Boston Consulting Group’s forecast of tokenized illiquid assets, including real estate and natural resources, potentially reaching a collective value of $16.1 trillion by 2030, underscores the staggering market potential.
By successfully combining blockchain technology with land registries, Blocksquare has realized the promise of regulatory compliance, security, and adaptability on a global scale. This achievement presents myriad opportunities for investors seeking to engage with the international real estate market through blockchain-powered solutions.
The driving force behind this landmark accomplishment has been the collective vision and innovation of dedicated individuals. Blocksquare extends gratitude to key figures, including Peter Merc, Co-founder and CCO; Manca Petrovcic, Head of Legal; and notary public Barbara Andric Velkovrh, whose unwavering dedication has been instrumental in realizing this groundbreaking vision.
As the pioneer of notarized real estate tokenization, Blocksquare ushers in a new era of secure and transparent property ownership, setting a precedent that will undoubtedly shape the future of institutional real estate assets on a global scale.
About Blocksquare
Blocksquare is a leading innovator in the field of real-world asset tokenization and decentralized finance. Through pioneering approaches and groundbreaking accomplishments, Blocksquare continues to redefine property ownership and investment through secure, transparent, and legally authenticated blockchain solutions. With an unwavering commitment to revolutionizing the real estate industry, Blocksquare is at the forefront of driving transformative change.
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