European fund manager APS has made a significant move by purchasing $3.4 million in tokenized real estate through MetaWealth, becoming the first institutional investor to directly acquire retail-available tokenized assets. The purchase includes tokenized bonds linked to two residential properties in Italy: Fo.Ro Living Rome and Porta Pamphili Rome, with each tranche valued at 1.5 million euros. This acquisition allows APS to access the same tokenized assets as retail investors, with all transactions recorded on the blockchain for better transparency and security. Mihai Pop, a manager at APS, emphasized that tokenization introduces a transformative shift in investing by enhancing liquidity and streamlining transactions. Founded in 2023, MetaWealth has successfully tokenized properties across Europe, facilitating over $50 million in transactions, promoting fractional ownership and near-instant transfers of real estate tokens. MetaWealth's CEO, Amr Adawi, stated that this investment enhances trust and liquidity in the ecosystem. The move reflects a growing interest in the tokenization of real-world assets as traditional finance and crypto sectors converge. Recent developments include BlackRock's introduction of a digital ledger in its Treasury Trust Fund and others seeking to digitize various asset classes.

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