Blocksquare and Pieme Launch Hotel Investment Funding Round

Blocksquare, a pioneer in real estate tokenization, has partnered with blockchain hotel investment platform Pieme to launch a new Marketplace Pool funding round. This initiative aims to democratize hotel investments using blockchain technology and decentralized finance (DeFi) principles.

Starting July 30, the Marketplace Pool funding round will use Blocksquare’s Oceanpoint DeFi launchpad to facilitate fractional investments in the hospitality sector. Pieme will operate on Blocksquare’s new real estate tokenization market infrastructure, enabling investments starting at $150. The platform allows users to monitor bookings, oversee stays, and participate in hotel management. The first hotel residence under this initiative is in Kampala, Uganda, with plans to expand across Africa.

Oceanpoint will enable the creation and management of tokenized real estate marketplaces on the Blocksquare protocol. Project proposals will be voted on by stakeholders using staked BST tokens (stBST). Successful campaigns need at least 500 stBST deposited and must reach 100,000 stBST to unlock community support and additional APY incentives.

In May, Blocksquare announced it had tokenized $100 million worth of real estate. Since 2017, its solutions have been used in 21 countries, providing infrastructure for marketplaces managed by Certified Partners (CPs). Blocksquare CEO Denis Petrovcic highlighted the platform’s security measures, requiring CPs to deposit at least 500 stBST as collateral to protect investors.

The Blocksquare and Pieme collaboration marks a significant step in real estate tokenization, making hotel investments more accessible. This initiative leverages blockchain technology to bring new opportunities and growth to emerging markets and beyond.

Image by Brett Campbell from Unsplash

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