Ljubljana, Slovenia, October 11, 2024, Chainwire
Blocksquare today announced its latest partnership with FractioneX, a real estate tokenization platform with a mission to discover modern ways to make home ownership more accessible for first-time buyers. This strategic collaboration will leverage Blocksquare’s resilient tokenization infrastructure to enable FractioneX to offer fractional shares in real estate, specifically to boost the flexibility of real estate investments.
FractioneX brings an novel approach to real estate investing, focusing on first-time buyers facing growing affordability challenges. By tokenizing real estate, FractioneX offers individuals the opportunity to purchase fractional shares in real estate, which can lower the financial barrier to entry. FractioneX’s initial offer includes a selection of UK properties, such as a three-bedroom house in Wales and a two-bedroom flat in the Midlands. While these opportunities allow investors to diversify their portfolios, the model also provides access to some of the potential rental income and possible appreciation in property values.
“We are excited to partner with Blocksquare to realize our vision of fractional real estate investments,” said Edward Janes, CEO of FractioneX. “Through White Label and the Blocksquare startup platform, we are able to offer individuals a transparent and safe way to participate in the real estate market – especially those looking for more accessible options.”
Leveraging Blocksquare’s tokenization infrastructure, FractioneX will ensure that property interests are securely recorded on the blockchain, promoting transparency. FractioneX will also offer participants the opportunity to gradually boost their holdings over time, based on individual investment strategies and market conditions.
In support of the launch campaign, FractioneX announced a promotional airdrop of 1,000 BSPT real estate tokens, representing 1% of the initial real estate valuation, to early market pool supporters. The airdrop is subject to terms and conditions, and eligible participants will receive tokens prior to the publication of the first property listing as a reward for early involvement. Full airdrop details and conditions will be made available on the official campaign website.
Additionally, FractioneX intends to expand into commercial real estate, offering fractional shares in office space and retail properties. This approach opens up more diverse real estate investment opportunities, making both residential and commercial properties more accessible to a wider range of participants.
“We are excited to support FractioneX as it takes significant steps towards achieving its goal of making real estate ownership more accessible to a new generation of investors,” said Denis Petrovcic, CEO of Blocksquare. “Through our collaboration, we are helping to create a framework within which individuals can engage in real estate investments that would otherwise be out of reach.”
Starting October 9, Blocksquare’s Oceanpoint DeFi startup will host a 30-day campaign for FractioneX, allowing $BST token holders to participate by staking their governance tokens. If the campaign reaches its funding goal, FractioneX will have full access to Blocksquare’s tokenization services and tools, further contributing to its mission.
Campaign details: :
- Campaign start: October 9, 2024 10:00 GMT
- End of campaign: November 8, 2024, 10:00 GMT
- Market Pool (NASDAQ:) Token: MPOOL-FRX
- Drop: 1000 BSPT ownership tokens for eligible Marketplace pool participants (Terms and Conditions apply)
To learn more about the partnership and campaign, visit the official Blocksquare blog here.
About Blocksquare
Blocksquare offers SaaS solutions for blockchain-based real estate tokenization. Headquartered in Ljubljana, Slovenia, the Blocksquare platform aims to power a global network of marketplaces, connecting investors with real estate opportunities in their region. With the real estate tokenization protocol, anyone can digitize real estate assets at a fraction of the cost while providing the fastest way to launch an online marketplace. Blocksquare’s Oceanpoint adds a DeFi layer to its existing tokenization infrastructure to provide borderless access to real estate financing for anyone with an internet connection.
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About FractioneX
FractioneX uses real estate tokenization and blockchain technology to create alternative savings and purchasing options for first-time buyers to own a home faster.
ContactCMOJulia BuchholzBlock blockmarketing@blocksquare.io
