Fund Manager APS Buys $3.4M in Tokenized Real Estate via MetaWealth

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Pan-European fund manager APS became the first institutional investor to directly acquire tokenized real estate assets through MetaWealth’s blockchain-based investment platform, according to an announcement shared with Cointelegraph.

APS, which manages over 12 billion euros ($13.7 billion) in assets, purchased 3 million euros ($3.4 million) in tokenized bonds tied to two Italian residential properties listed on MetaWealth: Fo.Ro Living Rome and Porta Pamphili Rome. Each tranche was split evenly at 1.5 million euros.

APS acquired the same tokenized…



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Fund Manager APS Buys $3.4M in Tokenized Real Estate via MetaWealth


Pan-European fund manager APS became the first institutional investor to directly acquire tokenized real estate assets through MetaWealth’s blockchain-based investment platform, according to an announcement shared with Cointelegraph.

APS, which manages over 12 billion euros ($13.7 billion) in assets, purchased 3 million euros ($3.4 million) in tokenized bonds tied to two Italian residential properties listed on MetaWealth: Fo.Ro Living Rome and Porta Pamphili Rome. Each tranche was split evenly at 1.5 million euros.

APS acquired the same tokenized…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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