According to a report by Chainwire, Blocksquare and Vera Capital announced today a partnership agreement worth $1 billion to tokenize commercial and multifamily real estate assets across the United States. Vera Capital will leverage Blocksquare's white label technology to launch a dedicated digital marketplace that offers institutional-grade tokenized ownership of U.S. real estate to global investors. The first tokenization project is a commercial property in Fort Lauderdale, Florida, valued at $5.4 million, with an annual return of 5%.
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Blocksquare has reached a $1 billion tokenization partnership for U.S. real estate with Vera Capital.
According to a report by Chainwire, Blocksquare and Vera Capital announced today a partnership agreement worth $1 billion to tokenize commercial and multifamily real estate assets across the United States. Vera Capital will leverage Blocksquare's white label technology to launch a dedicated digital marketplace that offers institutional-grade tokenized ownership of U.S. real estate to global investors. The first tokenization project is a commercial property in Fort Lauderdale, Florida, valued at $5.4 million, with an annual return of 5%.