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cryptonews 2025-04-21 06:11:25

Blocksquare Partners with Florida Firm to Tokenize $1B in U.S. Commercial Real Estate

Blockchain real estate platform Blocksquare has entered into a major partnership with Florida-based Vera Capital to tokenize over $1 billion worth of U.S. commercial real estate. The collaboration aims to offer global investors fractional ownership in a diverse portfolio of properties spread across seven states. Announced on April 18 , the initiative will launch a dedicated marketplace in the coming weeks, enabling users to purchase tokenized shares in dozens of properties. First Tokenized Properties Include Office and Retail Sites in South Florida The first listings include a three-story office building in Fort Lauderdale and a retail plaza in Dania Beach—both part of Vera Group’s current holdings. “All our assets are already within the group. They are purchased, managed, and improved by us,” said Vera Group CEO Nick Polyushkin. Vera Capital is the investment arm of Vera Group, which oversees a broader South Florida real estate agency, property management operations, and a development fund with over $100 million in active investments. According to Polyushkin, the $1 billion figure is based on Vera Group’s roadmap to tokenize existing assets and support new development projects. Among the upcoming offerings are two residential unit complexes, each valued between $70 and $100 million. While acknowledging the ambitious scale of the project, Polyushkin emphasized its feasibility. “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. When it comes to tokenized real-world assets, the future favors those who build with regulation, purpose and vision in mind. Blocksquare is making waves again — set to tokenize $1B in U.S. real estate via its partnership with Vera Capital. Shoutout to @IvanOnTech for a great… pic.twitter.com/XPXbCizx73 — Blocksquare (@blocksquare_io) April 20, 2025 Blocksquare, which operates on Ethereum, has already facilitated the tokenization of roughly 150 properties across 28 countries, with a total value exceeding $145 million. In February 2025, the company launched an EU-compliant framework designed to help property owners tokenize economic rights tied to real estate through notarized agreements. Blocksquare Explores Adapting Luxembourg Legal Framework for U.S. Real Estate Market Blocksquare CEO Denis Petrovic noted that the firm is assessing whether its legal framework, established in Luxembourg, can also be applied in 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,” Petrovic explained. McKinsey & Company recently reported that tokenized financial assets have had a “cold start” but are still expected to grow to a $2 trillion market by 2030. Meanwhile, a report by the Global Financial Markets Association (GFMA) and Boston Consulting Group estimates the global value of tokenized illiquid assets will reach $16 trillion by 2030 . Even more conservative estimates from Citigroup suggest that $4 trillion to $5 trillion worth of tokenized digital securities could be minted by 2030. Recognizing this potential, major companies are making significant moves in the tokenization space. Goldman Sachs, for instance, plans to launch three new tokenization products later this year, driven by growing client interest. The post Blocksquare Partners with Florida Firm to Tokenize $1B in U.S. Commercial Real Estate appeared first on Cryptonews .

https://www.digistore24.com/redir/325658/ceobig/
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