Tokenized shares in an ambitious property development pipeline will become available to investors once the new marketplace goes live.
Ethereum-based real-world asset (RWA) tokenization platform Blocksquare has partnered with a Florida-based real estate company to offer fractional ownership in a pipeline of US commercial properties valued at over $1 billion.
Announcing the deal on April 18, Blocksquare and Vera Capital said a marketplace would launch in the coming weeks to enable global investors to buy tokenized shares in “dozens of properties” located across seven US states.
The first tokenized properties that will be up for grabs are part of Vera Group’s existing holdings, which include a three-storey office building in Fort Lauderdale and a retail plaza in Dania Beach, according to two properties listed on Vera Capital’s website.
