Blocksquare, Vera Capital ink deal to tokenize $1B in US real estate
Ethereum-based real-world asset (RWA) tokenization platform Blocksquare has partnered with Florida's Vera Capital to offer fractional ownership in US commercial properties valued over $1 billion. A marketplace will launch soon, allowing global investors to buy tokenized shares in numerous properties across seven states. Initial offerings include a three-storey office building in Fort Lauderdale and a retail plaza in Dania Beach. Vera Capital, a subsidiary of Vera Group, manages over $100 million in real estate investments. Future tokenization plans include two unit complexes valued between $70 and $100 million. Blocksquare has previously tokenized around 150 properties in 28 countries, totaling over $145 million. Legal clarity for tokenized real estate in the US remains a concern. Blocksquare is exploring the applicability of its EU-compliant framework for US operations.
