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Blocksquare’s Tokenization Deal Unlocks U.S. Property Access
In a groundbreaking move, Blocksquare has announced a significant partnership with Vera Capital to tokenize over $1 billion worth of commercial real estate assets in the United States. This collaboration marks a major milestone in expanding property ownership through blockchain technology.
According to reports, this tokenization effort will focus on two initial properties – a three-story office building in Fort Lauderdale and a shopping mall in Dania Beach. Once completed, these assets will be available for fractional ownership, opening up real estate investment opportunities to a broader range of global participants.
What’s particularly noteworthy about this development is the potential it holds for more affordable property ownership through tokenization. The market is expected to experience significant growth, with projections indicating that tokenization could reach $23.4 trillion by 2033.
In related news, prominent financial institutions and startups alike are also taking steps to capitalize on this trend. For instance, Kraken recently expanded its services by launching commission-free trading for over 11,000 stocks and ETFs in the United States. This move has created new opportunities for integration between traditional financial assets and blockchain infrastructure.
As the tokenization market continues to evolve, it’s clear that we’re witnessing a seismic shift in the way we approach investment and asset management. With major players entering the fray, it’s an exciting time for those looking to get in on the action.
Source: https://www.crypto-news-flash.com/blocksquares-tokenization-deal-unlocks-u-s-property-access/?utm_source=rss&utm_medium=rss&utm_campaign=blocksquares-tokenization-deal-unlocks-u-s-property-access
