Blocksquare and Vera Capital Team Up for $1 Billion Real Estate Tokenization
Blocksquare and Vera Capital are joining forces to bring U.S. real estate into the digital age. They plan to tokenize a $1 billion portfolio of commercial and multifamily properties using blockchain technology.
The frist property, a $5.4 million commercial asset in Fort Lauderdale, has already been tokenized. Vera Capital will create a digital marketplace for global investors to buy shares in these U.S. properties.
Tokenization turns real estate ownership into digital tokens on a blockchain.These tokens represent parts of physical properties. This makes it easier for people worldwide to invest in U.S. real estate without buying whole buildings or using customary banks.
Blocksquare’s technology will power the platform. Vera Capital qualified for this through Blocksquare’s Oceanpoint Launchpad. They received over 100,000 staked $BST tokens from supporters in under an hour. This success gave Vera free access to Blocksquare’s tools.
Participants who staked their tokens will receive new tokens as a reward. Vera Capital, founded in 2012, manages over $100 million in real estate. Their upcoming marketplace will start with dozens of properties across seven U.S. states.
This move shows growing interest in tokenizing real-world assets. it could help smaller, global investors access high-quality U.S. real estate.
