Ethereum-based platform Blocksquare is stepping into the U.S. real estate scene with a big move. They just teamed up with Vera Capital, a real estate company based in Florida, to give over $1 billion worth of fractional ownership in commercial properties across the country.

Announced on April 18, the collaboration aims to launch a new marketplace in the coming weeks, allowing global investors to purchase tokenized shares in dozens of commercial properties spread across seven U.S. states.

The first assets on offer will come from Vera Group’s current portfolio, which includes a three-story office building in Fort Lauderdale and a retail plaza in Dania Beach—both listed on Vera Capital’s website.

Source: Vera Capital

“All of these properties are already in our portfolio,” said Vera Group CEO Nick Polyushkin. "We manage and grow them ourselves; they have been acquired through our Vera Fund."

Vera Capital is part of the larger Vera Group, which operates in South Florida through a network of enterprises that includes a real estate agency, a property management firm, and an investment fund that has previously invested over $100 million in commercial and residential properties.

Polyushkin said the $1 billion figure reflects their roadmap, which includes tokenizing both existing properties and raising funds for new developments. Upcoming projects include two apartment complexes valued between $70 million and $100 million.

“It may sound ambitious if you think in terms of residential real estate, but from a commercial investment perspective, it’s not just realistic—it’s more than achievable,” he said.

Navigating Legal Waters in the U.S.

So far, Blocksquare has been used to tokenize about 150 properties across 28 countries, with a total value exceeding $145 million. In February 2025, the platform rolled out an EU-compliant legal framework that allows property owners to tokenize their real estate assets using notarized agreements.

Blocksquare CEO Denis Petrovic noted that once the partnership with Vera Group was in motion, they started exploring whether their Luxembourg-based framework could also be applied in the U.S.

"Tokens may always be introduced directly in the United States. without involving our Luxembourg entity,” Petrovic said. “But having that structure in place adds an extra layer of flexibility and convenience for a marketplace like Vera’s, based in the U.S.”