We are MetaWealth, an RWA company that focuses on luxury real estate. This year’s expansion will standardize RWAs on a protocol level and give them enhanced liquidity via a liquid-staking, basket, and secondary marketplace solution. This would allow non-cryptomotivated retail investors and crypto-native traders to diversify their portfolios on-chain.
MetaWealth started out with a simple thesis that democratizing real estate investment is a net positive for the world. Here is a little recap of what we’ve accomplished so far:
- Tokenized over 130 properties
- Distributed over half a million USDC in rental yields and bonuses
- 40M in assets under contract
- Investors from 26 different countries
This post is shortened for brevity. Long-form here (Please do give it a read, I think it will give you more context on why what we’re doing is so important).
What’s next?
Given our commitment to decentralization, we also want to provide an answer to fragmentation before it happens by creating a new protocol-level standard for RWA liquid staking. Backed by real-world assets, these tokenized assets can be staked for a percentage value of the collateralized asset, letting the market participate in RWA investment and stay semi-liquid. This advantage is that one protocol, overseen by a DAO, can effectively onboard and create a robust ecosystem.
In tandem, we’ll continue to tokenize real estate and offer a stress-free experience when it comes to investing in real estate.
Describe your project in five sentences:
MetaWealth connects investors to developers, taking care of all the due diligence, sourcing, and deals so everyone can invest in real estate. With the ability to invest in real estate for as little as 100 USDC, tokenization provides transparency, ease of access, and peace of mind. Think of us as AirBnB meets Robinhood. Additionally, we’re making a protocol-level solution for RWAs to allow everyone to access RWAs, not just real estate. This means you can invest in physical assets while staying liquid!
Our Team
Our team has been through the start-ups, real estate arena, and crypto for several years.
Amr Adawi | Co-founder
Amr has been a chief architect and developer at FinTech startups with $8B in assets in the past and has built B2C startups from the ground up. Amr is thrilled to bring his +7 years of expertise to maximize MetaWealth clients’ financial potential using cutting-edge technology. Previously, Amr was a Senior Engineer at a start-up that was acquired by Mark Zuckerberg.
Twitter: https://twitter.com/maveridd
Darren Carvahlo | Co-founder
Darren was a former Vice President at Goldman Sachs’ New York office, working with the Investment Banking and GS Growth Equity groups to advise and evaluate the firm’s existing and potential portfolio companies and clients. Previously, he was a technical architect at TD Bank, building and deploying AI/ML applications firm-wide.
Michael Topolinski | Co-founder
Michael has built a real estate development company and portfolio for the past 35 years. InteRo, his company, acquired and developed assets worth over $300 million. Michael is leveraging his expertise in real estate to bring financial success to the next generation of investors and help usher in a new era of web3-enabled real estate fractionalized investing.
Prospero | Web3 Specialist
Prospero has five years of experience in crypto, leading strategy, advising, designing tokenomics, and weaving narratives. With a sales background working with telecommunication giants like AT&T, T-Mobile, and Verizon, Prospero brings a formidable wealth of experience across multiple industries and disciplines.
Jupiter Ecosystem and Us
We’ve been users of Jupiter, most of us after deciding on Solana, and some of us going back to 2021. We’re fans of DeFi, and the smoothness and speed of Jupiter is something that we respect. Having participated in LFG votes, we also recognize the community and userbase that has also shaped what Jup.ag has become today.
With our $AUM plans involving LPs, we know that the majority of AUM flow will be directed through Jupiter.
In the future on the MetaWealth side, since we payout rent and bonuses in USDC, we also want to integrate Jupiter to allow anyone to claim in whatever currency they want.
We’re also fans of what Zeus did, rewarding voters with a claim on TGE day, and we want to do the same. We believe that $AUM is the first step in giving users, holders, and degens a stake in Real Estate, and the benefits that come with it.
We are aiming for TGE to be in late August or early September
Vision
Our success will bring about the standardization of RWAs and place Solana on the map as a leader in tokenization. It would also give more people a stake in whatever they do. One of the underlying factors in someone starting to invest is stake. Not our type of stake, but people are going to invest in what they know.
RWAs are not only just tokenized assets, but can be for tokenizing rights to a certain market. We can imagine a future where you can build a perpetuals platform with a unified liquidity layer where garbage collectors could short how much plastic would be collected that week or teachers longing the amount of pens lost that week. We already have a platform operating under this idea: PARCL. We like PARCL for this reason. They brought attention to Real Estate and demonstrated that creating an EoT market is sustainable and profitable for users.
By building a protocol where tokens are standardized and liquidity is unified, it fully allows for RWAs to enter their Economy of Things (EoT) era and give a global audience unprecedented access to investment in what they know.
This is why what we’re doing is so important. Liquidity has always been the biggest challenge for RWAs. We talk about this more in-depth in the long post, but in a nutshell, we’re taking illiquid assets, tokenizing them, and allowing people to buy fractions of them without having a secondary market for them, making them even more illiquid. But it doesn’t have to be that way.
By building a collateral layer for collateralization, we utilize the DeFi mechanism that powers so much of crypto today, and will still let investors reap the benefits of having assets.
The second staking layer will be for baskets, similar to REITs, these baskets are strategies that you can stake into, or buy and will appreciate like an LST.
Along side these paths to liquidity, we’re also building on-chain KYC to integrate institutions and banks into the fold. They built private chains to not have to deal with regulations around public chains.
And all of this culminates in the secondary marketplace for RWAs. Free trade between KYC’d wallets across many asset groups and chains is the ultimate goal. Making everything a global and liquid market.
Our biggest challenge has always been compliance. As we fully operate under Spanish law, selling our tokenized assets as a security, it’s more about the speed of adoption and how fast government institutions can accommodate.
Launching a token is no joke. Besides the legality of a full launch, there’s also the private investment aspect of it. We care about our community and everyone who will join it, so we opted not to go with any VC for funding, as it would reduce our ability to maneuver as we enter web3 fully. We worked on the tokenomics and the ecosystem that’s being built, being challenged by co-workers, close friends, and advisors constantly about a need for one, but eventually arriving on our launch product.
The biggest piece of advice is really figure out if you need a token. If you don’t or didn’t need and were pushed into it, you don’t need one.
Post Script
Got some feedback today that the tokenomics might upset some people, and I take that into consideration with everything that’s being posted here. Like I said in the long post, it’s been edited and refined over the past half year, so with the feedback we’re going to be getting after this post and our TGE aim being a couple months from here, there’s plenty more time to refine it.
Looking forward to hearing all your thoughts!
Appendix
Website: https:/metawealth.co
Webapp: https://app.metawealth.co
Twitter: https://twitter.com/metawealth
Discord: https://discord.gg/EqcE6FhJNw
Telegram: https://t.me/metawealthapp
LinkedIn: https://www.linkedin.com/company/metawealthapp
