Casper and Stobox will collaborate to tokenise US parking assets, aiming to fractionalise properties and distribute income to token holders.
The Casper Association and Stobox have announced a collaboration aimed at bringing the US$144 billion US parking market on-chain, combining Casper’s Layer-1 infrastructure with Stobox’s regulated tokenisation capabilities.
The initiative will focus on fractionalising parking properties and distributing income generated by those assets to token holders, while also providing parking asset owners with alternative access to growth and expansion capital. The organisations described this as a broader approach than tokenising parking lots alone, targeting the underlying market’s predictable yields and transparent revenue flows.
Michael Steuer, President and CTO of the Casper Association, said: “Tokenisation of parking assets, with their predictable yield and long-term sustainability, is the next logical step in bringing the parking industry on-chain.”
Ross Shemeliak, Co-Founder and COO of Stobox, added: “The next trillion-dollar wave in crypto will come from real-world assets… turning institutional interest into institutional deployment.”
Both Casper and Stobox are members of the ERC-7943 working group, collaborating with other industry participants to help standardise and accelerate the adoption of on-chain real-world assets.
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