$1 Billion Worth of Real Estate to Be Tokenized in U.S.

Blocksquare and Vera Capital are opening up access to U.S. real estate investments for global investors, planning to tokenize commercial and multifamily real estate valued at $1 billion.

Blocksquare, a company specializing in real estate tokenization infrastructure, and Vera Capital, a subsidiary of Vera Group, announced an agreement under which commercial and multifamily real estate worth $1 billion will be tokenized in the U.S.

The partnership began with a successful campaign on the Oceanpoint RWA Launchpad marketplace, where Vera Capital raised over 100,000 BST tokens from the community in just one hour. As a result of the campaign, Vera Capital gained free access to Blocksquare’s tech stack to launch and scale its real estate tokenization operations.

Vera Capital plans to launch its own digital platform based on Blocksquare technology in the coming weeks, offering global investors the opportunity to purchase tokenized shares in U.S. institutional-level real estate. The platform will lower the entry barrier for investors and increase the liquidity of the commercial real estate market.

The first property tokenized under the agreement was a $5.4 million commercial real estate in Fort Lauderdale, offering a 5% annual yield and renovation potential.

Real estate tokenization initiatives launched in Japan , Nigeria , the UAE , and other countries. Analysts are discussing the potential of blockchain technology in the commercial real estate market since 2022.