- Blocksquare has partnered with Florida-based Vera Capital to launch a $1 billion tokenized real estate project, offering global investors fractional ownership in commercial properties across seven U.S. states.
- The initiative will begin with South Florida assets and aims to expand rapidly through a dedicated blockchain-powered marketplace.
Blockchain real estate platform Blocksquare has partnered with Florida-based Vera Capital to launch a $1 billion tokenized commercial real estate initiative across the United States.
Announced on April 18, the ambitious collaboration aims to offer global investors fractional ownership in a wide-ranging portfolio of U.S. commercial properties spanning seven states. A dedicated digital marketplace is set to launch in the coming weeks, allowing users to purchase tokenized shares in dozens of properties, bringing institutional-grade real estate to the fingertips of retail and international investors.
The initial properties set to go live include a three-story office building in Fort Lauderdale and a retail plaza in Dania Beach, both already under the ownership and management of Vera Group. According to Vera Group CEO Nick Polyushkin, these holdings are part of the company’s existing $100 million real estate development fund and ongoing property management operations across South Florida.
All our assets are already within the group. They are purchased, managed, and improved by us,
said Polyushkin, emphasizing the vertical integration and control Vera Capital holds over its real estate offerings.
While the $1 billion target may seem ambitious, Polyushkin views it as not only attainable but potentially conservative.
These are ambitious numbers if you’re thinking in terms of residential investing, but from a commercial real estate perspective, this is very realistic—and not just achievable, but over-achievable,
he said.
Future tokenized listings will include two residential complexes, each valued between $70 million and $100 million.
Blocksquare, which operates on the Ethereum blockchain, is no newcomer to real estate tokenization. The company has already enabled the tokenization of over 150 properties in 28 countries, with a cumulative value exceeding $145 million.
Earlier this year, Blocksquare introduced an EU-compliant legal framework, enabling property owners to tokenize real estate economic rights via notarized agreements.
Looking to expand this success, Blocksquare CEO Denis Petrovic stated that the company is exploring whether its Luxembourg-based legal framework can be adapted for the U.S. market.
There’s always the option of issuing tokens directly without involving the Luxembourg entity, but having it in place adds a layer of flexibility and legal assurance for a U.S.-based marketplace like Vera,
said Petrovic.
This partnership comes as tokenization is being increasingly recognized as the future of finance. Reports from McKinsey & Company, Citigroup, and the GFMA project the value of tokenized assets to range from $4 trillion to $16 trillion by 2030.
With heavyweights like Goldman Sachs set to launch new tokenization products later this year, the Blocksquare-Vera Capital alliance positions itself at the forefront of this transformative wave, offering investors unprecedented access to U.S. commercial real estate through blockchain technology.