Blockchain’s real estate platform Block Square has entered into a major partnership with Florida-based Vera Capital to tokenize more than $1 billion in US commercial real estate.
The collaboration aims to provide global investors with partial ownership in a diverse portfolio of properties spanning seven states.
The initiative, announced on April 18th, will launch a dedicated market in the coming weeks, allowing users to purchase tokenized stocks in dozens of real estate.
The first tokenized properties include South Florida offices and retail sites
The first list includes a three-storey office building in Fort Lauderdale and a retail square in Dania Beach, part of Vera Group’s current holdings.
“All our assets are already within the group. They are being purchased, managed and improved by us,” said Nick Polyushkin, CEO of Vera Group.
Vera Capital is the investment arm of Vera Group and oversees South Florida’s broader real estate agency, real estate management business, and development funds with aggressive investments of over $100 million.
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 products are two residential unit complexes, each worth between $70 and $100 million.
While acknowledging the ambitious scale of the project, Polyushkin highlighted its feasibility.
“These are ambitious numbers when you’re thinking about housing investment, but from a commercial real estate perspective, this is very realistic, not achievable, but achievable,” he said.
Operating on Ethereum, BlockSquare has already driven tokenization of around 150 properties in 28 countries, with a total value of over $145 million.
In February 2025, the company launched an EU-compliant framework designed to help represent economic rights related to real estate through notarized agreements.
BlockSquare explores adaptation of Luxembourg’s legal framework for the US real estate market
BlockSquare CEO Denis Petrovic said the company is evaluating whether the legal framework established in Luxembourg can also be applied to the US market.
“There is always an option to issue tokens directly without involving Luxembourg entities, but it adds a layer of flexibility and legal guarantees to US-based markets like Vera,” explained Petrovic.
McKinsey & Company recently reported that tokenized financial assets have a “cold start” but are expected to grow into a $2 trillion market by 2030.
Meanwhile, reports from the Global Financial Markets Association (GFMA) and Boston Consulting Group estimate that the global value of tokenized illiquid assets will reach $16 trillion by 2030.
More conservative estimates from Citigroup suggest that by 2030, tokenized digital securities worth between $4 trillion and $5 trillion may be minted.
Recognizing this possibility, large companies are moving the tokenization space significantly.
Goldman Sachs, for example, is set to launch three new tokenized products later this year, based on growing client interest.
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