Fund Manager APS Buys $3.4M in Tokenized Real Estate via MetaWealth
APS became the first institutional investor to acquire tokenized real estate assets directly through MetaWealth’s blockchain platform, purchasing 3 million euros in tokenized bonds linked to two Italian residential properties. The bonds, split into two tranches of 1.5 million euros each, are also available to retail investors and were recorded on the blockchain, enhancing transparency and programmability. MetaWealth, founded in 2023, facilitates fractional ownership and quick transfers of real estate tokens, having tokenized properties across multiple European countries and facilitating over $50 million in transactions. The platform ranks among the top 10 global real-world asset tokenization platforms, with users from 23 countries. Interest in real-world asset tokenization is growing, with significant developments from major financial players like BlackRock and MultiBank Group.
