Blocksquare and Vera Capital to tokenise $1 billion in US real estate

Ethereum-based (CRYPTO:BTC) tokenisation platform Blocksquare (CRYPTO:BST) has partnered with Florida real estate firm Vera Capital to offer fractional ownership in commercial properties valued over $1 billion.

The companies announced on April 18 that a new marketplace will launch soon, enabling global investors to buy tokenised shares in dozens of properties across seven US states.

Initial offerings include Vera Group’s existing assets, such as a three-story office building in Fort Lauderdale and a retail plaza in Dania Beach, listed on Vera Capital’s website.

“All our assets are already part of the group, so with the Vera Fund they’ve already been purchased, and they are owned by us, managed by us and we are only improving them,” explained Vera Group CEO Nick Polyushkin.

Vera Capital operates as a subsidiary of Vera Group, which also runs a South Florida real estate agency, management company, and investment fund with over $100 million invested in commercial and residential developments.

Polyushkin said the $1 billion target reflects the company’s roadmap, which includes tokenising existing properties and raising funds for development projects.

He added that future tokenisation plans include two residential complexes valued between $70 million and $100 million.

“This is ambitious numbers if you’re looking at this from the perspective of residential use in investments, but from a commercial standpoint, this is a very realistic number and not just achievable, it’s over-achievable,” Polyushkin said.

Blocksquare has previously tokenised about 150 properties in 28 countries, valued over $145 million.

In February 2025, the platform launched an EU-compliant framework allowing property owners to tokenise economic rights through notarised agreements.

Blocksquare CEO Denis Petrovic said the partnership with Vera Group prompted research into whether the Luxembourg-based framework could apply in the US.

“There’s always the option obviously of launching tokens directly without the Luxembourg entity getting involved, but just having it there it’s an additional convenience for a marketplace based out of the US like Vera Group,” Petrovic said.

At the time of reporting, the Blocksquare (BST) price was $0.06783.