Ethereum-based real-world asset (RWA) tokenization platform Blocksquare has teamed up with a Florida-based real estate firm to provide fractional ownership in a portfolio of US commercial properties worth over $1 billion. The collaboration between Blocksquare and Vera Capital will introduce a marketplace for global investors to purchase tokenized shares in numerous properties across seven states. Initial offerings include office and retail properties in Florida owned by Vera Group. Vera Capital, a subsidiary of Vera Group, manages a real estate agency, property management company, and investment fund. The $1 billion valuation is part of Vera Group's strategy to tokenize existing assets and fund development projects, with plans to tokenize additional properties in the future. Blocksquare, known for tokenizing properties globally, recently expanded its framework to facilitate property tokenization in the US through a partnership with Vera Group. Read more AI-generated news on: https://app.chaingpt.org/news

#ETH #RWA