MetaWealth, a tokenised real estate investment platform, has incorporated MetaWealth UAB, a registered financial institution in Lithuania, after it was granted a Virtual Asset Service Provider (VASP) licence from the Bank of Lithuania, enabling MetaWealth to expand the features of its platform.
Securing a full VASP licence represents a key step as MetaWealth eyes expansion, as it enables the company to expand on its digital assets offerings and introduce a compliant, secondary market for its real-world assets and real estate tokens.
MetaWealth, with registered offices in Vilnius, Dublin, Bucharest and Marbella, utilises blockchain technology to tokenise property investments, making traditionally high-barrier real estate investments accessible to all individuals and institutions.
Alongside the VASP licence, MetaWealth is also preparing its MiCA (Markets in Crypto-Asset) regulation submission. If granted by the Bank of Lithuania, the MiCA regulation will enable MetaWealth to expand its secondary market for crypto assets and further its innovation in the tokenisation of real-world assets.
Amr Adawi, co-founder and CEO of MetaWealth, said: “High standards of compliance are a fundamental part of MetaWealth’s journey as we further adoption of tokenisation. Receiving a full VASP licence is an important milestone for MetaWealth, enabling us to add new features to our platform with full regulatory compliance. The Web3 industry is entering an exciting period of growth, and MetaWealth will provide a safe, secure and compliant platform for the growing adoption of tokenisation.”
Launched in 2023, MetaWealth’s real estate investment platform tokenises international-grade investments in property developments, bringing greater liquidity and accessibility to a slow and costly transaction process. Each token represents fractional ownership, dividing properties into many smaller assets available for purchase on the MetaWealth platform, recorded on the Solana blockchain. This approach to investing enables investors to purchase, sell or transfer real estate assets in seconds, rather than the weeks or months required by traditional property markets.
Since launch, MetaWealth has listed properties in Romania, Spain, Greece and Italy, and has facilitated over $35million in tokenised real estate investments.
