"Fraktion Raises €1.1M to Tokenize Luxury Assets, Blocksquare Launches EU Real Estate Tokenization Framework"

Fraktion, a Paris-based tokenization platform founded in 2023, has secured €1.1 million in seed funding from a group of strategic investors, including Cabrit Capital, Tezos Foundation, Vox Capital, BPI, and renowned business angels such as Olivier Huby (ex-MFEX) and Andréa Bensaïd (Eskimoz). The funding will be used to scale the platform and expand into international markets, particularly in Europe and Dubai.

Built on the Tezos blockchain, Fraktion aims to advance the ownership of high-value real-world assets, focusing on sectors such as real estate, precious stones, and luxury goods. Vincent Pastor, CEO of Fraktion, expressed his enthusiasm about the funding, stating that it positions Fraktion as a key player in democratizing access to investment opportunities previously out of reach, enabling clients to efficiently structure their offerings.

Fraktion's tokenization protocol and blockchain infrastructure enable decentralized ownership of real-world assets (RWAs) by dividing them into smaller, tradable digital tokens. This allows investors to access high-value projects and have a sense of ownership by buying fractionalized parts of the asset without completely owning them. The platform helps B2B clients reduce operational costs and redefines traditionally restrictive high-value markets into more accessible and transparent ones.

To focus on developing advanced features, Fraktion will use the funding to enhance the investment experience. This includes implementing collateralization, a secure secondary market, and compounding interest tools. The platform already offers KYC/AML checks, streamlined onboarding processes, and support for SPV and bond issuances related regulatory aspects. Its most notable application has been with Kapi Club, a private real estate network that allows its members to become fractional owners of high-value real estate projects.

In other news, Blocksquare SARL has launched a Luxembourg-based Notarized Real Estate Tokenization Framework, becoming the first to directly connect with land registries using notarized agreements for real estate tokenization. This new framework aligns with EU legislation and enables property owners to tokenize economically associated rights attached to real estate assets while retaining ownership. BSPT tokens can be bought, held, or sold on secondary markets, increasing real estate asset liquidity.

Denis Petrovcic, chief executive of Blocksquare SARL, emphasized the importance of this move, as legal uncertainties have been significant roadblocks in tokenizing real-world assets. The convergence