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The Casper Association, the organization behind Casper, the leading layer-1 network designed for the real-world economy, and Stobox, a licensed and regulated tokenization provider with more than $500 million in tokenized assets across 100-plus clients, announce their collaboration to bring the $144 billion U.S. parking market on-chain. This is the first initiative in an ongoing collaboration that brings together Casper’s real-world-ready blockchain infrastructure with Stobox’s regulated tokenization expertise, supporting a growing pipeline of RWA initiatives across multiple sectors.
“Tokenization of parking assets, with their predictable yield and long-term sustainability, is the next logical step in bringing the parking industry on-chain," shared Michael Steuer, president and CTO of the Casper Association. "Stobox’s enterprise-grade platform for compliant RWA issuance at scale and their experience in regulated environments, combined with Casper’s unique feature set tailored for real-world use cases, underpins a natural collaboration to pioneer on-chain RWA issuance for this industry.”
“The next trillion-dollar wave in crypto will come from real-world assets. Stobox and Casper are laying the rails for that transformation, turning institutional interest into institutional deployment,” added Ross Shemeliak, co-Founder and COO of Stobox.
Casper and Stobox's efforts will focus on fractionalizing parking properties and distributing the income they generate to token holders, while also creating alternative access to growth and expansion capital for parking asset owners. This is a much more comprehensive and value-driven approach to tokenization of the entire market compared to tokenization of parking lots alone.
Parking assets, with their steady usage patterns and transparent revenue flows, offer one of the clearest opportunities to demonstrate how blockchain-based tokenization can deliver stable, real-world passive income at scale. This direction aligns with Casper’s broader momentum toward long-term, economically grounded tokenization models, while the collaboration with Stobox provides a regulated foundation for partners preparing to bring such offerings to market within standards-aligned frameworks.
Both organizations are also members of the ERC-7943 working group, where they work together with other industry participants to standardize and accelerate the adoption of on-chain RWAs.
To learn more about Casper and tokenization initiatives, visit casper.network
About Casper Network and Casper Association
Casper Network (CSPR) is a decentralized, layer 1 Proof-of-Stake blockchain designed for the real-world economy. It empowers people to openly benefit from who they are, what they do, and what they own, across borders, businesses, and communities, both within and beyond Web3.
With instant finality, upgradeable smart contracts, enterprise-grade security, and flexible permissioning, Casper’s infrastructure supports the secure tokenization, management, and exchange of assets and sensitive data across both public and private environments. The Casper Association, a non-profit organization based in Switzerland, promotes the decentralized development and adoption of the Casper protocol, network, and ecosystem. For more information, visit casper.network or contact the Casper Association at press@casper.network
About Stobox
Stobox is a licensed and regulated tokenization provider offering a full ecosystem for issuing, storing, managing, and trading real-world asset (RWA) tokens. The Stobox ecosystem includes Stobox 4, an enterprise-grade platform for RWA issuance and lifecycle management; Stobox DID, a decentralized identity and compliance framework; the STV3 Protocol for RWA token standards; and the Stobox Tokenization Onboarding Framework, a complete methodology for compliant tokenization. Stobox has tokenized more than $500 million in assets for over 100 clients worldwide across multiple regulated jurisdictions. For more information, visit stobox.io.
