Blocksquare is a protocol aimed at addressing real estate tokenization, providing legal protection and access to DeFi.
What Blocksquare Is Solving
Real estate is the largest asset class in the world, yet it remains illiquid and slow. Blocksquare offers solutions including:
1. Tokenizing real-world real estate assets on Ethereum. 2. Creating digital marketplaces under brand names. 3. Providing fractional ownership through legally enforceable smart contracts. 4. Ensuring transparent revenue distribution to token holders. 5. Bridging these tokenized assets to DeFi via Oceanpoint.
The Tokenization Protocol
The heart of the system is the PropToken, a custom ERC-20 smart contract representing a specific property. This token is not just a digital receipt; it is legally backed by a corporate resolution linking the token to actual revenue rights of the asset.
The flow involves: - A legal entity owning the property. - Issuing a public Corporate Resolution. - Creating a PropToken smart contract referencing the legal documents. - Investors holding tokens representing a percentage of net revenue from the asset.
Advantages of Blocksquare
Blocksquare stands out among several protocols for its key features:
1. Established legal framework aligning with EU standards. 2. Direct fiat onboarding integration. 3. White-label platform for issuers. 4. Buyback mechanism allowing token holders to cash out when properties sell.
Blocksquare provides effective and transparent real estate tokenization, building the infrastructure that can support long-term real demand for these assets.
