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Blocksquare Revolutionizes Real Estate with Tokenization Framework in Luxembourg

Coin WorldWednesday, Feb 5, 2025 10:07 am ET

1min read

Blocksquare, a blockchain-based real estate platform, has launched a property tokenization framework in Luxembourg, marking a significant milestone for Europe's blockchain industry. The Notarized Real Estate Tokenization Framework enables property owners to tokenize economic rights tied to real estate, integrating with land registries through notarized agreements to ensure legal compliance.

The framework integrates land registry data into tokenized assets, providing tokenholders with a direct legal claim backed by the value of the real estate. This innovation aims to streamline real estate investment, allowing retail investors with smaller capital allocations to participate. By bridging the gap between blockchain-based assets and traditional legal protections, Blocksquare has made a significant stride in the real-world asset (RWA) tokenization industry.

The launch of this legally binding real estate tokenization framework comes shortly after the full implementation of the European Union's Markets in Crypto-Assets Regulation (MiCA). MiCA provides the legal certainty needed to launch new tokenized real estate marketplaces, reducing the regulatory navigation time from months to weeks. Blocksquare's move to Luxembourg enables the platform to take most of the regulatory burden away from real estate owners and marketplace operators, ensuring full compliance with each transaction.

While the European tokenization industry is currently driven by startups, Blocksquare's CEO, Denis Petrovcic, expects to see more corporations joining the sector to accelerate real estate tokenization adoption across Europe. Some of the world's largest management consulting firms foresee a potential 50-fold growth for the RWA sector by 2030, which could reach up to $30 trillion, according to some estimates.

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