The British-headquartered fund manager APS Group has become the first institutional investor to directly acquire tokenized real estate assets through the MetaWealth blockchain-based investment platform.
Cointelegraph reports APS purchased $3.4 million in tokenized bonds tied to two residential properties in Rome that are listed on MetaWealth. The bonds were transacted and recorded on the blockchain.
“Tokenization represents a transformative shift in investing, offering increased liquidity and streamlined transactions while maintaining compliance and security,” said Mihai Pop, a transaction leader at APS, which manages over $13.7 billion in assets.
MetaWealth tokenizes European properties, offering fractional ownership and near-instant transfers of real estate tokens. To date, it has facilitated more than $50 million in tokenized transactions.
“The investment brings increased trust to the space, an important source of liquidity to the ecosystem and increased access to real-world assets for customers and institutions alike,” said MetaWealth CEO Amr Adawi.
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