Genesis Holdings, Inc. (OTC: GNIS) announced today the signing of a Letter of Intent (LOI) with Metrospaces, Inc. (OTC: MSPC) to acquire the latter's intellectual property assets, marking the company's strategic entry into the real estate tokenization market. Under the agreement, Genesis will issue $1 million in Preferred Stock, convertible at a 15% discount to market and carrying a 5% annual yield, in exchange for Metrospaces' technology assets. Upon closing, Oscar Brito, a seasoned real estate executive, will be appointed CEO of Genesis.
The assets will form the technological foundation for Genesis' planned tokenized real estate ecosystem, which aims to enable transparent, compliant, and liquid investment structures that bridge traditional real estate with digital capital markets. The global Security Token Offering (STO) market is projected to exceed $20 billion by 2030, growing at a compound annual rate of over 50%, as institutional and retail investors increasingly seek regulated digital alternatives. With this agreement, Genesis positions itself as an early entrant in a market that could reshape real estate funding and ownership.
Oscar Brito, the incoming CEO, brings over two decades of international experience in luxury and hospitality real estate, having co-founded projects such as the London Bvlgari Hotel and other landmark ventures. Over his career, he has been involved in more than $900 million in real estate funding, transactions, and dispositions across the Americas and Europe. His expertise is expected to guide Genesis as it scales into real estate tokenization and AI-powered property management.
Following the closing of the transaction, Genesis intends to finalize the relaunch of MetroCrowd and MetroHouse, onboard new partners, and prepare the platforms for phased rollout. The company also anticipates introducing innovative tokenized financing models designed to align investor interests with transparent, asset-backed structures. These platforms are expected to provide a sustainable foundation for long-term value creation.
The LOI underscores the growing convergence of real estate and blockchain technology. By acquiring Metrospaces' IP, Genesis gains access to SEC-registered or exempt Security Token Offering capabilities and AI-based property management tools. The company's strategy includes integrating these technologies to make real estate investing as simple, liquid, and borderless as trading other asset classes, as stated by Brito.
Forward-looking statements in the press release highlight risks such as general economic conditions, competitive factors, and the success of growth initiatives. Genesis assumes no obligation to update these statements. The company's pivot to a PropTech and tokenization platform reflects a broader industry trend toward digitizing real assets, with implications for how real estate is owned, financed, and operated in the future.
