Blocksquare and Vera Capital Partner to Tokenize $1 Billion in US Real Estate Assets
The post Blocksquare and Vera Capital Partner to Tokenize $1 Billion in US Real Estate Assets appeared on BitcoinEthereumNews.com.
TLDR Blocksquare and Vera Capital have partnered to tokenize $1 billion in US commercial properties The marketplace will launch in coming weeks, offering fractional ownership to global investors Properties are located across seven US states, with initial offerings from Vera Group’s existing holdings Vera Group manages $100 million in real estate through various subsidiaries The tokenization reflects growing interest in real-world asset (RWA) tokenization, with the market reaching $20.99 billion Blocksquare, an Ethereum-based platform specializing in real-world asset tokenization, has formed a partnership with Florida-based Vera Capital to tokenize a portfolio of US commercial properties valued at over $1 billion. The deal, announced on April 18, will create new investment opportunities for global investors seeking fractional ownership in real estate. The companies plan to launch a marketplace in the coming weeks that will enable investors to purchase tokenized shares in dozens of properties. These properties are located across seven US states, opening up investment opportunities that were previously difficult to access. The first properties to be tokenized are part of Vera Group’s existing holdings. These include a three-story office building in Fort Lauderdale and a retail plaza in Dania Beach, both in Florida. According to Vera Capital’s website, the Fort Lauderdale property is valued at $5.4 million and offers a 5% annual return. How the Tokenization Works Vera Group CEO Nick Polyushkin explained that the properties being tokenized are already owned and managed by the company. “All our assets are already part of the group, so with the Vera Fund they’ve already been purchased, and they are owned by us, managed by us and we are only improving them,” he said. The $1 billion figure represents the company’s roadmap, which includes both existing assets and plans for future development projects. Polyushkin mentioned that future tokenization plans include two unit complexes…
Filed under: News - @ April 21, 2025 3:27 pm