The Pan-European fund manager became the first institutional investor to directly take tokenized real estate properties through the Metawealth-based investment platform, according to an announcement shared with the Cointelegraph.
The APs, who managed more than 12 billion euros ($ 13.7 billion) in properties, bought 3 million euros ($ 3.4 million) in tokenized bonds tied to two properties of Italy’s residence listed in Metawealth: FO.RO Living Rome and Porta Porticipality Rome. Each tranche is evenly divided into 1.5 million euros.
APS captures both tokenized properties that are available to retail investors. Bonds are transactions and recorded in the blockchain, which increases transparency and programmability in the process.
“The tokenisation represents a regeneration of investment transformation, offers an increase in liquidity and has been able to transactions while maintaining compliance and security,” said Mihai Pop, an APS manager.
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Metawealth Tokenizes Pan-European Real Estate
Established in 2023, metawealth tokenizes Pan-European real estate, which activates fractional ownership and close-instant transfer of real estate tokens.
The platform has tokenized owners throughout Romania, Spain, Greece and Italy, facilitating more than $ 50 million in tokenized transactions. Each token in Metawealth represents fractional ownership, allowing institutional and retail investors to trade real estate stakes in seconds.
“Investment brings increased confidence in space, an important source of ecosy system and has increased access to real-world assets for customers and institutions,” said metawealth CEO AMR Adawi.
Metawealth said it is now in rank among the top 10 global Real-World Assets tokenization (RWA) Platforms, with users from 23 countries.
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Tokenization gets speed
There was a wave of interest in the RWA tokenization, with major players from both traditional finances and cryptos making the titles of the latter.
On April 30, Blackrock Filed to create a blockchain-based shares For the $ 150 billion Treasury Trust fund, which allows a digital glass ledger the investor’s owner. On the same day, Free announced plans to bring up $ 500 million in telegram debt through the new Telegram Bond fund.
On May 1, Multibank Group Has a $ 3 billion deal in tokenization with UAE real estate firm Mag and blockchain provider Mavryk.
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