Ljubljana, Slovenia, May 9, 2024, Chainwire
Square block, a tokenization infrastructure provider for real estate, is excited to announce that its native token BST has been added to the global crypto on-ramp Banxa fiat payment system. The integration will improve the accessibility of BST, allowing users around the world to purchase it using a wide range of local and international payment options, including Visa, Mastercard, Apple Pay and Google Wallet.
Known for its robust payments infrastructure that processes billions of dollars in transactions, Banxa's commitment to expanding affordability aligns with Blocksquare's goal of democratizing access to real estate investing. The functionality is also expected to be directly integrated into Blocksquare's marketplace solutions in the future, further simplifying the user engagement process through real estate tokenization.
Blocksquare is designed to power hundreds of marketplaces around the world, representing white-label solutions that customers can use to create, list, issue, sell, distribute, manage, track and trade tokenized properties on its protocol.
“We are excited 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 Denis Petrovcic, co-founder and CEO of Blocksquare.
“This integration is a crucial step towards democratizing real estate globally, enabling anyone, anywhere to interact with real estate markets through our advanced RWA tokenization infrastructure. As we expand our growing network of marketplace operators around the world, our collaboration with Banxa sets a new standard for real estate investing in the digital age.
“We believe Blocksquare has developed a powerful and successful DeFi protocol in the space, significantly innovating RWA tokenization,” said Holger Arians, CEO of Banxa. “We are excited to leverage the rapid growth of the Blocksquare ecosystem to advance our central goal of increasing the adoption of blockchain technology.
BST is Blocksquare's utility token, which users can use for staking and also to take advantage of 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's Financial Conduct Authority (FCA) crypto registry in 2024, a step that will allow it to expand its services to UK customers securely and in compliance with local regulations.
Blocksquare continues to be at the forefront of innovations in the real-world asset (RWA) tokenization sector, which remains largely illiquid and confined to private markets. The platform's revolutionary approach facilitates fractional ownership and improves liquidity, allowing ordinary investors to participate in traditionally out-of-reach real estate markets. Its operating system has integrated more than $95 million in real estate assets across 21 countries.
Last year, Blocksquare reached a historic milestone by executing the first-ever legalization of a tokenized real estate asset and registering it in the National Land Registry of Slovenia. This achievement highlights the practical, real-world application and legal recognition of blockchain-based real estate transactions.
About Blocksquare
Square block is an award-winning company developing the world's first blockchain-based real estate tokenization system. Headquartered in Ljubljana, Slovenia (EU), Blocksquare has developed a cutting-edge system in close cooperation with Medius – the leading provider of enterprise software solutions in the CEE region.
Blocksquare's vision is to power hundreds of platforms around the world, connecting investors to real estate opportunities in their region. Through its real estate tokenization protocol, anyone can start digitizing real estate assets at a fraction of the cost. At the same time, its white label platform is the fastest way to launch an online marketplace. Blocksquare has expanded its operations into 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 aims to accelerate the world to Web3 with its leading global on-ramp and off-ramp solutions. Through its extensive network of local payment solutions coupled with required crypto licenses, Banxa gives its partners and projects access to a global audience with less friction and higher conversions. Banxa has a global team of Web3 natives, with headquarters in the US, Europe, and APAC regions.
Contact
Marketing Director Julia Buchholz, (email protected)