Real estate is the biggest asset class in the world, yet it is extremely hard to access globally. Thus, it requires a purposely built solution designed to power hundreds of investment portals across the globe, connecting investors to regional deals. This is where Blocksquare comes in. Using tokenization, Blocksquare makes investing in real estate assets as simple, borderless, and programmable as the rest of the internet.

Businesses of all types — from startups to large enterprises — can use Blocksquare’s solutions and APIs to digitize the value of real estate properties, launch their investment platforms, and connect people to tokenized real estate deals online.

What is Blocksquare?

Source: Blocksquare Twitter (X)

Blocksquare represents a bold step forward in integrating real estate with blockchain technology. It’s a tokenization system designed for real growth, aiming to revolutionize how people access Real Estate through the power of tokenization.

The Vision of Blocksquare

Blocksquare’s vision is to power 1000s of marketplaces across the globe, connecting investors to real estate opportunities in their region.

With their real estate tokenization protocol, entrepreneurs can start digitizing real estate assets at a fraction of the cost, while their white-label platform offers the quickest way to launch an investment marketplace.

In 2022, Blocksquare officially entered the DeFi market with Oceanpoint.fi — a bridge enabling real estate owners to gain exposure to decentralized financial markets via tokenization.

Blocksquare’s Value Propositions

Blocksquare brings a suite of value propositions designed to cater to the diverse needs of its users by putting the power of tokenization in their hands:

• Designed for Commercial Real Estate Assets: Blocksquare focuses solely on commercial real estate assets, ensuring specialized services for this sector.
• Global Digital Economy Access: By tokenizing assets, Blocksquare allows users to access global real estate investments digitally, breaking down geographical barriers.
• Technology Enabler: It provides a platform that enables established companies to adopt tokenization easily, enhancing their operations.
• Portfolio Value Increase: Blocksquare aims to increase the overall value of real estate portfolios by making them more accessible and liquid through tokenization.
• Portfolio Monitoring: Users can conveniently monitor their real estate portfolios on any device, ensuring ease of management.
• Plug-and-Play Tokenization: The platform offers a plug-and-play tokenization protocol, simplifying the process for companies and individuals looking to tokenize assets.
• Tier III City Accessibility: Blocksquare facilitates matching available demand even in tier III cities, broadening investment opportunities.
• Transaction Cost Reduction: By cutting out expensive middlemen, Blocksquare reduces transaction costs associated with real estate transactions.
• Rent Dividend Distribution: It enables the distribution of rent dividends to hundreds of beneficiaries, streamlining the process and ensuring fair distribution.
• APIs and GUI: Blocksquare caters to tech-savvy users and those less familiar with technology by providing APIs for developers and a user-friendly GUI for everyone else.
• Dedicated Marketplace: It offers a dedicated marketplace for tokenized properties, providing a platform for buying, selling, and trading tokenized assets.

Blocksquare’s comprehensive suite of offerings underscores its dedication to revolutionizing real estate investment. By tokenizing commercial assets and providing global accessibility, portfolio value is enhanced while transaction costs are reduced.

The Technology Behind Blocksquare

Blockchain Technology

Blockchain technology forms the foundation of Blocksquare, providing a decentralized ledger that ensures transparency and security for all transactions. This immutable ledger enables trustless interactions within the Blocksquare ecosystem, which is essential for the tokenization of commercial real estate assets and the distribution of rent dividends.

Tokenization

Tokenization lies at the heart of Blocksquare’s innovative approach to real estate investment, allowing assets to be represented digitally as tokens on the blockchain. This process opens up global accessibility to real estate investments, breaking down barriers to entry and increasing liquidity in the market. Through tokenization, Blocksquare aims to revolutionize the way real estate assets are bought, sold, and managed, making investment opportunities more accessible and efficient.

Blocksquare Products

Real Estate Tokenization Protocol

The Real Estate Tokenization Protocol represents a paradigm shift in the realm of real estate investment, positioned at the forefront of innovation within the industry. Integrating blockchain technology seamlessly with traditional real estate processes, this protocol offers a robust and meticulously structured framework for creating PropToken smart contracts. These contracts, conforming to the Ethereum ERC-20 standard, serve not only as digital representations of real estate assets but also as repositories of unique property information and meticulously crafted transactional rules, tailored to meet the specific requirements of issuers.

At its core, the protocol presents a scalable and standardized approach to tokenizing real estate assets, thereby facilitating the digitization of the value of individual properties. Each property holds the potential for up to 100,000 tokens, affording investors a spectrum of investment strategies ranging from long-term holdings to short-term transactions. Crucially, the protocol establishes the foundation for legally binding and enforceable tokens, thereby instilling a sense of transparency and security paramount for investor confidence.

A pivotal element of the protocol lies in the issuance of a Public Corporate Resolution, a legally binding document endorsed by authorized representatives of the issuing entity. This resolution serves as the linchpin, forging a definitive link between the real estate property and its revenues to the PropToken smart contract. To ensure the utmost transparency and security, the resolution is immortalized through storage on the InterPlanetary File System (IPFS), with its unique hash meticulously recorded within the smart contract.

However, the protocol transcends the mere act of tokenization; it extends an umbrella of protection to investors through the corporate resolution, thereby serving as a robust recourse mechanism in instances of payment disruptions or disputes. Leveraging smart contracts for payment distribution, transactions are securely recorded on the Ethereum blockchain, furnishing indisputable evidence and nurturing trust within the ecosystem.

Traditionally, corporate resolutions signify pivotal corporate decisions. Within the context of tokenization, they serve as public declarations of decisions pertaining to specific assets and their associated revenues. Notably, the protocol introduces the innovative concept of a ‘Royalties Percentage,’ dictating the equitable distribution of net revenues to token holders based on predefined business models and cost structures.

With its meticulous attention to detail and seamless integration of cutting-edge technologies, Blocksquare’s Real Estate Tokenization Protocol emerges as a vanguard, paving the way for a more accessible, transparent, and efficient real estate investment ecosystem. By unlocking liquidity, transparency, and accessibility within the real estate market, this protocol heralds a new era of democratized access to real estate assets, empowering investors and issuers alike to navigate the market with confidence and ease.

Protocol Main Components

1. BSPT tokens

BSPT tokens, or Blocksquare Property Tokens, represent a groundbreaking approach to real estate investment on the Ethereum blockchain. With each property having its own unique BSPT, investors gain access to a transparent and legally binding investment vehicle.

These tokens, enforced by standardized corporate resolutions stored on IPFS, offer features like on-chain property valuation, standardized token symbols, and whitelisted token transfers, ensuring compliance with regulatory requirements and providing transparency to investors.

Additionally, the protocol allows for the registration of capital stack information, enabling protocols like Maker to create custom valuation and risk assessment models, ultimately enhancing transparency and liquidity in the real estate tokenization process.

1. Corporate resolution

The Corporate Resolution, a cornerstone of Blocksquare’s tokenization protocol, serves as a legally binding document stored on IPFS.

This resolution, template available in multiple languages, lays the groundwork for standardized tokenization processes. It defines key aspects such as property details, token issuance parameters, revenue distribution, and buyback thresholds, ensuring clarity and transparency for token holders.

Additionally, it establishes procedures for token transfer whitelisting and capital stack registration, enhancing regulatory compliance and investor protection within the real estate tokenization ecosystem.

White-label Marketplaces

Blocksquare’s Marketplace Platform offers entrepreneurs a hassle-free solution to launch their own branded tokenized marketplaces, allowing investors to seamlessly connect with real estate investment opportunities.

With customizable branding options, compatibility with stablecoins, and support for multiple languages, it provides a tailored experience for diverse markets.

Additionally, the platform facilitates peer-to-peer trading, transparent revenue distribution, and streamlined buyback processes, empowering businesses to efficiently manage their tokenized real estate portfolios.

With features like KYC automation, customizable token portfolios, and transaction history verification on the blockchain, Blocksquare’s platform equips clients with the tools needed to create and manage successful investment marketplaces.

DeFi Bridge (Liquidity Engine)

Oceanpoint, pioneered by Blocksquare, bridges the gap between Decentralized Finance (DeFi) and real estate assets through tokenization. This innovative protocol, built on Ethereum, operates as an open-end DAO, enabling unrestricted participation and offering opportunities to earn rewards by contributing to a decentralized ecosystem supported by the real estate economy.

Oceanpoint’s foundation is built on three key pillars: DeFi products, real estate tokenization, and community governance, creating a framework for seamless integration and mutual growth between the DeFi and real estate sectors.

Blocksquare Tokenomics

The BST Token

The Blocksquare Token (BST) serves as the governance token at the core of the Oceanpoint ecosystem.

What are the methods to acquire BST tokens?

You can obtain BST tokens through three primary avenues:

1. Participation in Oceanpoint pools: Each listed pool receives a portion of all BST tokens earmarked for rewards, which are then distributed among participants based on their stake size in the respective pool.
2. Providing liquidity: Liquidity Providers to the BST-ETH Uniswap pair are similarly incentivized with BST tokens, akin to other pools. Please note that incentivization for the trading pair will commence after the launch of v0.2.
3. Staking your BST: Users can stake their tokens in the Governance pool. By staking BST, token holders can passively accumulate additional BST as the protocol expands. Additionally, they receive sBST, which grants voting rights on proposals posted on Snapshot.

How will I receive my BST tokens?

BST tokens are allocated to pool participants and held within the pool smart contract until a participant initiates a transaction to exit the pool. The BST tokens are promptly delivered to the participant’s designated address after executing this transaction.

What are sBST tokens?

sBST can be obtained by participating in the Governance pool on Oceanpoint, a revenue-sharing mechanism that rewards BST holders with additional BST when they deposit their tokens. By staking BST, you will get sBST, a tokenized share of the Governance pool that enables you to vote on protocol proposals.

Allocation Chart for Native BST Token

Source: Blocksquare X

Setting Up Your Own Marketplace on Blocksquare

Blocksquare’s new marketplace platform comprises two applications, offering a seamless user interface and an intuitive admin panel.

Marketplace UI

Your marketplace is where your end-users can sign-up for an account, view listing, invest in primary offerings, buy or sell on secondary markets, track their portfolio, withdraw rental revenues, access performance reports and much more.

Marketplaces hosted under Blocksquare’s domain can be accessed at “app.blocksquare.io/yourmarketplacehandle”

While marketplaces using custom subdomain can be accessed via “customdomain.com/yourmarketplacehandle”

Sign in and sign up screen

Welcome screen after user logs in

Admin Panel

Once your marketplace is ready and deployed into production, your team will be required to register user accounts with emails matching the marketplace domain. Please visit your marketplace URL as a regular end-user and complete the sign-up process.

Blocksquare’s team will then grant your selected team member access to the admin panel. You’d have to send them the user email list at support@blocksquare.io and let them know on their private Discord channel.

Please note, that you will need to register an account on your marketplace separately for every team member you would like the Blocksquare team to grant access to the Admin panel.

Example:

team.member1@mymarketplacedomain.com

team.member2@mymarketplacedomain.com

team.member3@mymarketplacedomain.com

The admin panel for marketplace operator teams can be accessed at:

app.blocksquare.io/admin/login

Note: After you submit a new user account, allow 24 hours for the team to grant access during weekdays. The team will pick up a new account submitted during the weekend on the first work day.

Setting up your Custom domain

Step 1: Verify domain certificate

To do this, you will need to add a CNAME record to your domain’s DNS records by follow the steps below. See your domain host’s documentation for more specific instructions.

Before you start, you need to receive your custom domain setup instructions. If you would like to set a custom domain, please send a request to Blocksquare.

1. Go to your domain’s DNS records.
2. Add a record to your DNS settings, and create/add a new DNS record with the settings you received.
3. Save your record. CNAME record changes can take up to 72 hours to go into effect, but typically they happen much sooner.

Step 2: Route your subdomain to the marketplace app

After step 1 is complete and your domain certificate is validated, you will be able to reroute your marketplace to work through your chosen subdomain.

To do this, you will need to add another CNAME record to your domain’s DNS using the configuration settings provided by Blocksquare.

Conclusion

By offering a comprehensive suite of solutions, Blocksquare empowers investors and entrepreneurs alike to tap into the vast potential of the digital real estate economy. With its commitment to transparency, efficiency, and accessibility, Blocksquare is reshaping the way we perceive and participate in real estate investment, ushering in a new era of innovation and opportunity in the industry.