According to an announcement shared with Cointelegraph, the pan-European fund management company APS has become the first institutional investor to directly acquire tokenized real estate assets through the blockchain-based investment platform MetaWealth.
APS manages over €12 billion (approximately $13.7 billion) in assets and has purchased tokenized bonds worth €3 million (approximately $3.4 million), which are associated with two residential properties in Italy on the MetaWealth platform: Fo.Ro Living in Rome and Porta Pamphili in Rome. Each transaction is evenly distributed at €1.5 million.
The tokenized assets acquired by APS are identical to those available for retail investors. These bonds are traded and recorded on the blockchain, adding transparency and programmability to the entire process.
"Tokenization represents a transformative shift in the investment space, providing higher liquidity and streamlined transaction processes while maintaining compliance and security," said Mihai Pop, manager at APS.
Founded in 2023, MetaWealth focuses on the tokenization of pan-European real estate, achieving partial ownership and near-instant transfer capabilities for real estate tokenization.
The platform has tokenized multiple properties in regions such as Romania, Spain, Greece, and Italy, facilitating over $50 million in tokenized transactions. Each token on the MetaWealth platform represents partial ownership, allowing institutional and retail investors to trade real estate rights in seconds.
"This investment brings greater trust to the sector, provides an important source of liquidity for the ecosystem, and enhances the ways clients and institutions can access physical assets," said Amr Adawi, CEO of MetaWealth.
MetaWealth stated that the company has now entered the ranks of the top ten real-world asset (RWA) tokenization platforms globally, with users from 23 countries.
Recently, there has been a surge of interest in the tokenization of physical assets, with major players from traditional finance and the cryptocurrency space frequently making headlines.
On April 30, BlackRock applied to create a blockchain-based share class for its $150 billion government bond trust fund, allowing digital ledgers to map investors' ownership status. On the same day, Libre revealed plans to tokenize $500 million of Telegram debt through its new Telegram bond fund.
On May 1, MultiBank Group signed a $3 billion tokenization agreement with UAE real estate company MAG and blockchain provider Mavryk.
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Original article: “Fund management company APS purchases $3.4 million in tokenized real estate through MetaWealth”
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