Ethereum-Based Platform Partners with Florida Real Estate Firm for Tokenized Property Ownership

According to Cointelegraph, Ethereum-based real-world asset tokenization platform Blocksquare has announced a partnership with a Florida-based real estate company to offer fractional ownership in a portfolio of U.S. commercial properties valued at over $1 billion. The collaboration with Vera Capital aims to launch a marketplace in the coming weeks, allowing global investors to purchase tokenized shares in numerous properties across seven U.S. states. The initial properties available for tokenization are part of Vera Group's existing holdings, including a three-story office building in Fort Lauderdale and a retail plaza in Dania Beach. Vera Capital, a subsidiary of Vera Group, operates a real estate agency, management company, and investment fund in South Florida, with over $100 million invested in commercial property acquisitions, land development, and residential projects. Vera Group CEO Nick Polyushkin stated that the $1 billion valuation is part of the company's roadmap, which involves tokenizing existing assets and raising funds for development projects. Future properties slated for tokenization include two unit complexes valued between $70 and $100 million. Polyushkin emphasized that while these figures may seem ambitious from a residential investment perspective, they are realistic and achievable in the commercial sector. Despite the promising outlook, tokenized real estate still requires legal clarity in the U.S. Blocksquare has previously tokenized around 150 properties in 28 countries, valued at over $145 million. In February 2025, the platform launched an EU-compliant framework to enable property owners to tokenize economic rights tied to real estate through notarized agreements. Blocksquare CEO Denis Petrovic noted that the partnership with Vera Group prompted research into whether their Luxembourg framework could be applicable in the U.S. He mentioned the possibility of launching tokens directly without involving the Luxembourg entity, highlighting the convenience it offers for a U.S.-based marketplace like Vera Group.