Tokenized Real Estate Surpasses $200M Mark Thanks to Blocksquare
Blocksquare, a leader in real estate tokenization, announced a major achievement last Friday. The company crossed $200 million in tokenized real estate assets on Ethereum. This milestone follows a massive 800% jump in the total value locked (TVL) of real-world assets (RWAs) this year.
Today, the TVL in RWAs exceeds $65 billion. Blocksquare’s footprint spans 29 countries and includes 66 properties. Denis Petrovcic, CEO of Blocksquare, stated, “This milestone marks a movement from trial phases to actual adoption.” The firm enables local marketplaces to tokenize real estate legally and efficiently.
Blocksquare focuses on direct property tokenization. It allows people to own parts of properties, offering more flexibility than conventional funds. In February, they established a Luxembourg-based legal entity using EU-compliant frameworks.
- Growing interest in tokenized real estate
- Plan to expand in the US market
The firm aimed to tokenize $1 billion in US real estate through Vera Group. The benefits include lowering investment barriers via fractional ownership, attracting a broader investor base.