Blocksquare has reached an agreement with Vera Capital to tokenize $1 billion worth of U.S. real estate.

CN
1 hour ago

Source: Cointelegraph Original: "{title}"

A tokenization platform for real-world assets (RWA) based on Ethereum, Blocksquare, has partnered with a Florida-based real estate company to provide fractional ownership for a pipeline of U.S. commercial real estate projects valued at over $1 billion.

When announcing the agreement on April 18, Blocksquare and Vera Capital stated that a new trading market would be launched in the coming weeks, allowing global investors to purchase tokenized shares of "dozens of properties" located across seven states in the U.S.

According to information on Vera Capital's website, the first properties to be tokenized come from Vera Group's existing assets, including a three-story office building in Fort Lauderdale and a retail plaza in Dania Beach.

Nick Polyushkin, CEO of Vera Group, stated, "All of our assets are already part of the group, and the purchases have been completed through the Vera Fund. These assets are owned and managed by us, and we just need to improve them."

Vera Capital is a subsidiary of Vera Group. Vera Group also operates a South Florida real estate brokerage, a property management company, and a real estate investment fund that has invested over $100 million through commercial real estate acquisitions, land development, and residential development projects.

Polyushkin mentioned that the $1 billion figure comes from the company's development roadmap, which includes tokenizing existing assets and raising funds for development projects. He noted that the properties the company plans to tokenize in the future include two mixed-use projects valued between $70 million and $100 million.

He said, "From a residential investment perspective, these numbers are indeed ambitious, but from a commercial standpoint, this is a very realistic figure that can not only be achieved but even exceeded."

To date, Blocksquare has completed the tokenization of approximately 150 properties in 28 countries, with a total value exceeding $145 million. The platform launched a framework compliant with EU regulations in February 2025, enabling property owners to tokenize economic rights related to real estate through notarized agreements.

Denis Petrovic, CEO of Blocksquare, stated that during the collaboration with Vera Group, Blocksquare began exploring "whether our framework in Luxembourg could also be applicable in the U.S."

He said, "Clearly, we can always choose to issue tokens directly without involving a Luxembourg entity, but having that entity there provides additional convenience for the U.S. market, especially for companies like Vera Group."

Related: Executive: The market value of tokenized stocks could exceed $1 trillion.

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