{"id":127583,"date":"2025-04-21T03:18:12","date_gmt":"2025-04-21T03:18:12","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127583"},"modified":"2025-04-21T03:18:12","modified_gmt":"2025-04-21T03:18:12","slug":"blocksquare-vera-capital-ink-deal-to-tokenize-1b-in-us-real-estate","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127583","title":{"rendered":"Blocksquare, Vera Capital ink deal to tokenize $1B in US real estate"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsEthereum-based real-world asset (RWA) tokenization platform Blocksquare has partnered with a Florida-based real estate company to offer fractional ownership in a pipeline of US commercial properties valued at over $1 billion.\u00a0<br \/>\nAnnouncing the deal on April 18, Blocksquare and Vera Capital said a marketplace would launch in the coming weeks to enable global investors to buy tokenized shares in \u201cdozens of properties\u201d located across seven US states.\u00a0<br \/>\nThe first tokenized properties that will be up for grabs are part of Vera Group\u2019s existing holdings, which include a three-storey office building in Fort Lauderdale and a retail plaza in Dania Beach, according to two properties listed on Vera Capital\u2019s website.<br \/>\nSource: Vera Capital\u201cAll our assets are already part of the group, so with the Vera Fund they\u2019ve already been purchased, and they are owned by us, managed by us and we are only improving them,\u201d Vera Group CEO Nick Polyushkin said.<br \/>\nVera Capital is a subsidiary of Vera Group, which also runs a South Florida real estate agency, real estate management company, and a real estate investment fund with over $100 million invested through commercial property acquisitions, land development and residential developments.<br \/>\nPolyushkin said the $1 billion figure comes from the company\u2019s roadmap, which includes tokenizing existing assets and raising funds for development projects. He said future properties the company plans to tokenize include two unit complexes valued at between $70 and $100 million.<br \/>\n\u201cThis is ambitious numbers if you\u2019re looking at this from the perspective of residential use in investments, but from a commercial standpoint, this is a very realistic number and not just achievable, it\u2019s over-achievable,\u201d he said.<br \/>\nRelated: RWAs rise to $17B all-time high, as Bitcoin falls below $100K<br \/>\nTokenized real estate still needs legal clarity in US\u00a0<br \/>\nTo date, Blocksquare has been used to tokenize around 150 properties in 28 countries, at a value of over $145 million. The platform launched an EU-compliant framework in February 2025 to enable property owners to tokenize economic rights tied to real estate through notarized agreements.\u00a0<br \/>\nBlocksquare CEO Denis Petrovic said once the Vera Group partnership was in progress, Blocksquare started to research to \u201csee if the framework we have from Luxembourg will also be applicable for the US.\u201d<br \/>\n\u201cThere\u2019s always the option obviously of launching tokens directly without the Luxembourg entity getting involved, but just having it there it\u2019s an additional convenience for a marketplace based out of the US like Vera Group,\u201d he said.<br \/>\nMagazine: Have your stake and earn fees too: Tushar Aggarwal on double dipping in DeFi<a href=\"https:\/\/cointelegraph.com\/news\/blocksquare-vera-capital-ink-deal-tokenize-1-billion-us-real-estate?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsEthereum-based real-world asset (RWA) tokenization platform Blocksquare has partnered with a Florida-based real estate company to offer fractional ownership in a pipeline of US commercial properties valued at&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127583"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127583"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127583\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127583"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}