Blocksquare and Vera Capital plan to tokenize $1b in US real estate

BlockSquare and Vera Capital are launching an effort of $ 1 billion to put us in real estate chain.

The tokenise partnership will be a portfolio of commercial and multifamilial properties across the country using the BlockSquare Blockchain infrastructure, according to a press release shared with Crypto.News.

The first property, a commercial asset of $ 5.4 million in Fort Lauderdale, has already been tokenized. Vera Capital plans to launch a digital market that will allow global investors to buy tokenized actions in American properties.

Blocksquare White label technology will feed the platform.

Tokenization is the process to convert real estate rights to digital tokens recorded on a blockchain. These tokens represent a fractional property in physical properties. The objective is to facilitate more easily that people around the world invest in American real estate without having to buy whole buildings or to count on traditional financial institutions.

BlockSquare Launchpad Oceanpoint

Vera Capital qualified for this infrastructure via OceanPoint Launchpad de BlockSquare, where she received more than 100,000 BST token formerly with supporters in less than an hour. This early success gave Vera free access to the complete blocksquare technology stack and market tools.

In exchange, participants who dotted Their tokens are rewarded with new tokens, a common process in decentralized financial projects.

Vera Capital, founded in 2012, manages more than $ 100 million in real estate and offers services, including brokerage, development, real estate management and investments. The future market of the company will start with dozens of properties in seven American states.

The move indicates an increasing participation in the tokenization of real assets and could help extend access to real estate of institutional quality for smaller global investors.