Blocksquare and Vera Capital Partner to Tokenize $1 Billion in US Real Estate Assets

Blocksquare and Vera Capital Revolutionize Real Estate Investment

Blocksquare has announced a landmark partnership with Vera Capital to tokenize $1 billion in real estate assets across the United States. This collaboration aims to transform commercial and multifamily properties into accessible investment opportunities through blockchain technology.

A New Era in Real Estate Tokenization

Vera Capital is set to launch a digital marketplace using Blocksquare's white-label platform, enabling global investors to purchase tokenized shares of high-grade properties. The initiative begins with a $5.4 million commercial property in Fort Lauderdale, promising a 5% annual return and potential for redevelopment.

Strategic Momentum and Industry Impact

Denis Petrovcic, CEO of Blocksquare, emphasized the significance of this partnership, calling it a major turning point for real estate tokenization. The move marks a shift from experimental blockchain use to large-scale deployment, targeting a global investor base.

Rapid Success and Strong Partnership

Vera Capital's swift completion of a staking campaign on Blocksquare's Oceanpoint RWA Marketplace Launchpad underscores the partnership's strength. The campaign exceeded expectations, securing over 100,000 staked $BST tokens in just one hour, compared to the initial 29-day plan.

About the Companies

Vera Group, founded in 2012, manages over $100 million in real estate assets, bringing extensive expertise to the table. Blocksquare operates in over 20 countries, bridging the $300 trillion real estate market with Web3, offering compliant and scalable solutions for various stakeholders.

This partnership is poised to launch a marketplace tokenizing properties across seven states, with an anticipated launch in the near future, marking a significant step in the evolution of real estate investment.