Blocksquare, Vera Capital Ink Deal to Tokenize $1B in US Real Estate

Blocksquare and Vera Capital to Tokenize $1B in U.S. Real Estate Portfolio

In a major move toward bringing real estate to the blockchain, Ethereum-based tokenization platform Blocksquare has joined forces with Florida-based Vera Capital to offer fractional ownership in a $1 billion portfolio of U.S. commercial properties.

Announced on April 18, the partnership will see the launch of a dedicated marketplace in the coming weeks, allowing global investors to purchase tokenized shares in dozens of properties located across seven U.S. states. This marks one of the most ambitious real-world asset (RWA) tokenization efforts in the country to date.

The first tranche of tokenized assets includes a three-story office building in Fort Lauderdale and a retail plaza in Dania Beach, both part of Vera Group’s current holdings. According to Nick Polyushkin, CEO of Vera Group, all assets involved in the offering are already owned and managed by the company, with funds raised used for ongoing improvements and future developments.

Source: Vera Capital

“All our assets are already part of the group,” Polyushkin said. “They’ve been purchased, managed by us, and we are only improving them.”

Vera Capital is a subsidiary of Vera Group, a multifaceted real estate firm with over $100 million invested across commercial acquisitions, land development, and residential projects. The company plans to expand tokenization efforts to include new developments, such as two multifamily complexes valued between $70 million and $100 million each.

Polyushkin described the $1 billion goal as “ambitious” but entirely feasible within the commercial real estate sector. “This isn’t just achievable—it’s over-achievable,” he added.

The project represents a significant step forward for Blocksquare, which has already tokenized over 150 properties in 28 countries, totaling more than $145 million in real estate. The company launched an EU-compliant tokenization framework in Luxembourg earlier this year to facilitate property token offerings through notarized agreements.

Denis Petrovic, CEO of Blocksquare, noted that the team is currently exploring whether the Luxembourg-based legal structure can be applied to U.S. operations. However, he emphasized that the U.S.-based Vera marketplace could also proceed independently if needed.

“There’s always the option of launching tokens directly without the Luxembourg entity getting involved,” Petrovic said. “But just having it there provides an additional layer of convenience and regulatory assurance.”

While tokenized real estate continues to navigate uncertain legal terrain in the U.S., this partnership underscores the growing momentum behind blockchain’s role in reshaping traditional property investment—offering increased access, transparency, and liquidity for a global investor base.