TechFlow, June 5 — According to Cointelegraph, pan-European asset management firm APS has purchased $3.4 million worth of tokenized real estate assets via the blockchain investment platform MetaWealth, becoming the first institutional investor to directly acquire retail-available tokenized assets.
APS, which manages over $13.7 billion in assets, acquired tokenized bonds linked to two residential properties in Italy: Fo.Ro Living Rome and Porta Pamphili Rome, with each transaction amounting to €1.5 million. These assets are identical to the tokenized offerings available to retail investors, and the transactions were recorded on the blockchain, enhancing transparency and programmability.
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