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Genesis Holdings has signed a letter of intent with Metrospaces to enter real-estate tokenization, with plans to acquire the MetroCrowd and MetroHouse technology assets for $1 million in preferred stock. Nasdaq’s press page announce LOI and notes the deal could make Metrospaces CEO Oscar Brito the new CEO of Genesis after closing, pending a definitive agreement and standard approvals.
Under the LOI, Genesis would issue convertible preferred shares with a 5% annual yield and a 15% discount to market on conversion. MarketScreener detail terms and adds that the agreement positions both OTC-listed companies to relaunch the tokenization and property-management platforms as part of a broader PropTech push.
Metrospaces says the technology sale is part of a “corporate rebirth” plan aimed at focusing operations and strengthening governance. NewMediaWire publish release describing how the MetroCrowd tokenization stack and MetroHouse AI tools would form the core of Genesis’s new product set for compliant, asset-backed offerings. The companies also flagged a roadmap to onboard partners and stage platform rollouts.
“We see tokenized real estate as the next frontier of financial innovation,” said Oscar Brito, CEO of Metrospaces and CEO-designate of Genesis upon closing. “Our goal is to make investing in property as simple and liquid as any other asset class, while keeping compliance, transparency, and custody at the center.”
Tokenization turns property rights into digital tokens on a blockchain, letting people buy smaller stakes and enabling faster settlements. Platforms usually use special-purpose vehicles and follow securities rules for investor checks, disclosures, and secondary trading. If completed, this deal would add another listed player to the growing group building regulated rails for on-chain real-estate finance.
