PANews reported on April 21 that according to Cointelegraph, Blocksquare, an Ethereum-based real-world asset (RWA) tokenization platform, has reached a partnership with a Florida real estate company to provide partial ownership of a US commercial real estate portfolio worth more than $1 billion. On April 18, Blocksquare and Vera Capital announced that they would launch a market in the coming weeks to enable global investors to purchase tokenized shares of "dozens of properties" located in seven states in the United States. According to the two properties listed on the Vera Capital website, the first batch of tokenized properties available for purchase belong to the existing assets of the Vera Group, 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 invests more than $100 million through commercial property acquisitions, land development and residential development.
