Blocksquare, Vera Capital Partner to Tokenize $1 Billion in U.S. Real Estate

Blockchain real estate platform Blocksquare has entered into a significant partnership with Florida-based Vera Capital to tokenize over $1 billion worth of U.S. commercial real estate. This collaboration aims to offer global investors fractional ownership in a diverse portfolio of properties spread across seven states. The initiative, announced on April 18, will launch a dedicated marketplace in the coming weeks, enabling users to purchase tokenized shares in dozens of properties.

The first listings include a three-story office building in Fort Lauderdale and a retail plaza in Dania Beach, both part of Vera Group’s current holdings. Vera Capital, the investment arm of Vera Group, oversees a broader South Florida real estate agency, property management operations, and a development fund with over $100 million in active investments. According to Vera Group CEO Nick Polyushkin, the $1 billion figure is based on Vera Group’s roadmap to tokenize existing assets and support new development projects. Among the upcoming offerings are two residential unit complexes, each valued between $70 and $100 million.

Polyushkin emphasized the feasibility of the project, stating that while the numbers may seem ambitious in the context of residential investing, from a commercial real estate perspective, this is very realistic and achievable. Blocksquare, which operates on Ethereum, has already facilitated the tokenization of roughly 150 properties across 28 countries, with a total value exceeding $145 million. In February 2025, the company launched an EU-compliant framework designed to help property owners tokenize economic rights tied to real estate through notarized agreements.

Blocksquare CEO Denis Petrovic noted that the firm is assessing whether its legal framework, established in Luxembourg, can also be applied in the U.S. market. “There’s always the option of issuing tokens directly without involving the Luxembourg entity, but having it in place adds a layer of flexibility and legal assurance for a U.S.-based marketplace like Vera,” Petrovic explained. This partnership marks a significant step in the tokenization of real estate, offering investors a new way to access the commercial real estate market through fractional ownership.