European Fund APS Acquires Tokenized Real Estate via MetaWealth

According to BlockBeats, European fund company APS, which manages $13.7 billion in assets, has purchased $3.4 million worth of tokenized real estate assets through the MetaWealth platform. This acquisition involves two residential properties in Italy and marks the first direct purchase of tokenized assets available to retail investors by an institution. MetaWealth has already tokenized over $50 million in European real estate, with users spanning 23 countries.