PANews reported on April 21 that, according to Cointelegraph, Blocksquare, an Ethereum-based real-world asset (RWA) tokenization platform, has partnered with a Florida real estate company to provide partial ownership of a commercial real estate portfolio valued at over $1 billion. On April 18, Blocksquare and Vera Capital announced that they will launch a marketplace in the coming weeks, enabling global investors to purchase tokenized shares of "dozens of properties" across seven U.S. states. According to two properties listed on the Vera Capital website, the first batch of tokenized properties belongs to Vera Group's existing assets, including a three-story office building in Fort Lauderdale and a retail plaza in Dania Beach.
Vera Capital is a subsidiary of Vera Group, which also operates a South Florida real estate agency, a real estate management company, and a real estate investment fund that has invested over $100 million in commercial real estate acquisitions, land development, and residential development.
