A real-world asset (RWA) tokenization infrastructure provider is partnering with an investment firm in an effort to tokenize $1 billion worth of real estate in the US. Vera Capital, a subsidiary of the real estate investment firm the Vera Group, plans to launch its own digital marketplace powered by technology from Blocksquare, a real estate tokenization firm with operations in more than 20 countries. The new marketplace aims to offer investors in the US and abroad access to institutional-grade US properties via tokenized ownership, per a press release . The platform first tokenized a $5.4 million commercial property in Fort Lauderdale. Denis Petrovcic, chief executive of Blocksquare, says Vera Capital’s $1 billion plan “signals a major turning point for real estate tokenization in the United States.” “They’re going beyond just experimenting with blockchain – they’re deploying it at scale to unlock institutional-grade real estate for a global investor base.” Vera Capital completed a campaign on Blocksquare’s Oceanpoint RWA Marketplace Launchpad and secured more than 100,000 of the platform’s native staked BST tokens from community supporters. The real estate firm’s upcoming marketplace plans to launch in the “coming weeks” and will initially tokenize dozens of properties across seven states, according to the press release. Tokenization is the process of converting ownership rights of real-world assets, such as properties or commodities, into a digital token on a distributed ledger. It allows investors to get exposure to real-world assets without relinquishing massive amounts of capital. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Real-World Asset Firm Blocksquare Teams Up With Vera Capital To Tokenize $1,000,000,000 in US Real Estate appeared first on The Daily Hodl .
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