Ljubljana, Slovenia, October 11th, 2024, Chainwire
Blocksquare today announced its latest partnership with FractioneX, a real estate tokenization platform with a mission to explore new ways of making homeownership more accessible for first-time buyers. This strategic collaboration will leverage Blocksquare’s robust tokenization infrastructure to enable FractioneX to offer fractional interests in real estate, particularly aimed at making property investments more flexible.
FractioneX is introducing an innovative approach to real estate investment, with a focus on first-time buyers facing increasing affordability challenges. By tokenizing properties, FractioneX offers the opportunity for individuals to acquire fractional interests in real estate, which may lower the financial barrier to entry. FractioneX’s initial offerings include a selection of properties in the UK, 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 a share of potential rental income and possible property value appreciation.
“We’re excited to partner with Blocksquare to further our vision of fractional real estate investments,” said Edward Janes, CEO of FractioneX. “With Blocksquare’s white-label platform and marketplace launchpad, we are able to offer a transparent and secure way for individuals to participate in real estate—especially for those seeking more accessible options.”
By utilizing Blocksquare’s tokenization infrastructure, FractioneX will ensure that property interests are securely recorded on the blockchain, promoting transparency. FractioneX will also offer participants the ability to incrementally increase their holdings over time, based on individual investment strategies and market conditions.
In support of the launchpad campaign, FractioneX has announced a promotional airdrop of 1,000 BSPT property tokens, representing 1% of the initial property valuation, for early supporters of the marketplace pool. The airdrop is subject to terms and conditions, and eligible participants will receive tokens ahead of the first property listing as a reward for their early engagement. Full details of the airdrop and terms will be made available through the official campaign portal.
In addition, FractioneX aims to expand into commercial real estate, offering fractional interests in office spaces and retail properties. This approach opens up more diverse real estate investment opportunities, making both residential and commercial properties more accessible to a broader range of participants.
“We are thrilled to support FractioneX as they take significant steps toward their goal of making property ownership more accessible for a new generation of investors,” said Denis Petrovcic, CEO of Blocksquare. “Through our collaboration, we are helping to create a framework where individuals can engage in real estate investments that may otherwise be out of reach.”
Starting October 9th, Blocksquare’s Oceanpoint DeFi launchpad will host a 30-day campaign for FractioneX, enabling $BST token holders to participate by staking their governance tokens. If the campaign reaches its funding goal, FractioneX will gain full access to Blocksquare’s tokenization services and tools, further advancing its mission.
Campaign Details:
- Campaign Start: October 9, 2024, 10:00 GMT
- Campaign End: November 8, 2024, 10:00 GMT
- Marketplace Pool (NASDAQ:) Token: MPOOL-FRX
- Airdrop: 1,000 BSPT property tokens for eligible Marketplace pool participants (T&C apply)
To learn more about the partnership and the campaign, please visit Blocksquare’s official blog here.
About Blocksquare
Blocksquare offers SaaS solutions for blockchain-based real estate tokenization. Headquartered in Ljubljana, Slovenia, Blocksquare’s platform aims to power a global network of marketplaces, connecting investors to real estate opportunities in their region. Through its real estate tokenization protocol, anyone can digitize real estate assets at a fraction of the cost, while providing the quickest way to launch an online marketplace. Blocksquare’s Oceanpoint adds a DeFi layer to its established tokenization infrastructure to create borderless access to real estate financing, for anyone with an internet connection.
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About FractioneX
FractioneX utilizes property tokenisation and blockchain technology in order to create alternative saving solutions and buying options for first time buyers to own a home faster.
ContactCMOJulia BuchholzBlocksquaremarketing@blocksquare.io
