Tokenized real estate platform MetaWealth reports that it has distributed over $1 million in yield income to investors. This month, the company reports that it distributed more than $37,000 to investors, thus surpassing the million-dollar mark. The yield is driven by rental income for its portfolio of properties. MetaWealth claims over $50 million in tokenized real estate assets with more offerings in the queue.
Amr Adawi, Co-Founder and CEO of MetaWealth, says distributing over $1 million in rental income is a major milestone for his company and the RWA community. He says tokenization is the future of investing. MetaWealth utilizes Solana.
“We’re empowering both individuals and institutions to grow their wealth through fractional investments in quality real estate. Through tokenization, we’re increasing the liquidity and accessibility of real estate, bringing institutional-grade assets to every investor. And this is just the beginning – our goal is to reshape how all market participants interact with income-generating assets.”
MetaWealth was launched in 2023 to offer tokenized investments in income-generating real estate, with investors able to participate for as little as $100
MetaWealth currently reports tokenized property investments across Europe, including Greece, Italy, Romania, and Spain.
The company was founded by Amr Adawi, Darren Carvalho, and Michael Topolinski, who aim to redefine how individuals and institutions purchase real-world assets.
MetaWealth is currently pursuing a license under MiCA in the EU. It also plans to acquire a UK Crypto License and a Financial Services Broker License in the EU. The company also states that it has been profitable since its second year of operation.
