European asset management giant APS purchases $3.4 million worth of tokenized real estate through MetaWealth

According to Cointelegraph, APS, a European asset management company with a management scale of $13.7 billion, announced the purchase of 3.4 million euros worth of tokenized bonds linked to two residential properties in Italy through the MetaWealth platform (50% each for the Rome Fo. Ro Living and Porta Pamphili projects). This is the first time that institutional investors have directly purchased tokenized assets open to retail channels, and all transactions are settled through blockchain. The CEO of MetaWealth stated that this transaction brings institutional level trust to the RWA field, and its platform currently covers real estate in four European countries, resulting in over $50 million in tokenization transactions.