With the announcement of Blocksquare SARL's establishment in Luxembourg, the platform became the first to integrate with land registries via notarized agreements for tokenizing assets in accordance with EU legislation.
New Platform in Luxembourg
Blocksquare SARL operates the Blocksquare's Notarized Real Estate Tokenization Framework, allowing property owners to tokenize economic rights while retaining ownership. This framework combines blockchain technology with traditional registries by leveraging Luxembourg's legislative environment.
How Real Estate Tokenization Works
Blocksquare SARL's tokenization process includes creating and allocating new BSPT tokens, then transferring them to the property owner via structured lending secured by the property's title. Following notarization, economic rights are transferred to BSPT holders.
Blocksquare's Future Plans
In 2023, Blocksquare notarized Slovenia's first tokenized real estate transaction. Blocksquare SARL plans pilots in Belgium and Austria, then aims to expand into Germany, Poland, and France, attracting institutional investors.
Blocksquare provides legal certainty, secondary market liquidity, and fractional ownership. It offers global financial access and control over assets, ensuring transaction transparency.
