Project Overview
Oceanpoint serves as a liquidity engine for real estate. It enables the creation of a decentralized, open-end DAO that owns a pool of real estate asset tokens. The platform is designed to empower everyone—from individual investors to large-scale corporations—to participate in a protocol backed by the real estate economy. By staking property-backed tokens — as seen in the Landhive project previously analyzed in our portfolio — users can earn rewards in the protocol’s native token, BST (Blocksquare Token), while diversifying their portfolios across borderless assets.
Legal Structure, Jurisdiction, and Status
- Blocksquare d.o.o. (Technology Provider): Headquartered in Ljubljana, Slovenia (Operational since 2018).
- Blocksquare SARL (Operational Hub): Incorporated in Luxembourg to manage the “Notarized Real Estate Tokenization Framework” under EU regulations (Operational since 2025).
- Oceanpoint DAO: Unlike a traditional corporation, Oceanpoint DAO is a Decentralized Autonomous Organization. It operates without a central headquarters or a traditional registration in a single country, relying on the following principles:
- Smart Contract Framework: The protocol is governed by self-executing code on the Ethereum blockchain. This ensures that rules regarding asset distribution, staking rewards, and voting cannot be arbitrarily changed.
- Governance via BST Tokens: Decision-making power is decentralized. Holders of BST act as “digital shareholders,” voting on protocol upgrades, treasury management, and the onboarding of new asset pools.
- The “Legal Wrapper” Model: While the DAO is a borderless digital entity, it interacts with the physical world through Blocksquare’s legal infrastructure. Registered entities handle the necessary notarization and land registry entries to ensure every token is legally enforceable.
Team Evaluation
- Denis Petrovčič (Co-founder & CEO): Oversees the strategic direction and business development of Blocksquare and the Oceanpoint protocol. He began his career in the architectural sector in 2004, where he worked for over a decade before shifting his focus to blockchain technology in 2016. In 2018, he co-founded Blocksquare d.o.o. to develop a protocol for fractional ownership of real property. He also co-founded the Ljubljana chapter of FIBREE.
- Viktor Brajak (Co-founder & CTO): Leads the technical architecture and software development. A full-stack engineer with expertise in blockchain infrastructure and smart contract security, he designed the protocol’s tokenization engine and governance mechanisms.
- Peter Merc (Co-founder & General Counsel): Oversees the legal framework and regulatory compliance. A doctor of law specializing in banking and fintech, he developed the “Notarized Real Estate Tokenization” model used to link digital tokens with land registries.
Real Estate Tokenization Process
- Onboarding & Risk Assessment: Property owners submit assets for evaluation through Blocksquare’s Risk Assessment Framework.
- Notarization & Lien Placement: A legal bridge is formed where the property owner enters a notarized agreement, often including a lien on the property title to secure token holders’ interests.
- Token Issuance (BSPT): Blocksquare Property Tokens (BSPT) are minted on Ethereum (e.g., BSPT-LJU-01).
- Staking in Oceanpoint: Holders can stake BSPT in “Asset Pools” to earn BST rewards or hold them to receive rental income in stablecoins like DAI.
- Secondary Market: Tokens can be traded on Oceanpoint’s marketplace or integrated decentralized exchanges.
Fees and Costs
- Transaction Fees: A standard fee of 1.5% is applied to BSPT transactions, typically split between the marketplace operator (0.5%), the token issuer (0.5%), and the Oceanpoint protocol (0.5%).
Current Investment Snapshot
BST Token
The native governance token of Oceanpoint.
- Total Supply: 64.64M / Max Supply: 100M.
- Market Cap: $1.62M | Price: $0.0250.
- Staking: By converting BST to sBST, users participate in governance with an Earnings Rate of 4.67%. It is also possible to pledge sBST in marketplace pools to earn performance-based rewards (currently 0% in active pools).
BSPT Token
For those acquiring property tokens (BSPT), Oceanpoint offers a strategic choice: either hold the tokens to receive traditional rental income in stablecoins (DAI) or stake them in Community Asset Pools to receive protocol rewards in BST tokens. Currently, these rewards can reach an earnings rate of approximately 10.5%. This DeFi play allows investors to optimize their strategy—choosing stable rental yields during market stagnation or switching to BST staking to capture protocol growth and higher APY.
Challenges I Encountered as a Potential Investor
While the overall experience was smooth, it took some initial time to understand the distinct role and status of each asset within the protocol (BST, sBST, BSPT, sBSPT, sLP).
Conclusion & Evaluation
Oceanpoint has successfully positioned itself at the intersection of traditional real estate (tokenization of economic rights) and DeFi, playing a significant role in the industry. A particularly compelling feature is the ability to stake BSPT tokens to earn, in some instances, a significantly higher yield compared to traditional rental income.
The project is categorized under “Added to Portfolio” status. Further details regarding the criteria for Watchlist status can be found on our portfolio concept page.
Disclaimer
All information presented is for research and analytical purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.
