Metain, a blockchain-empowered co-investment platform focusing on real estate, has secured an undisclosed investment from IDG Capital Vietnam.
Per a statement, this partnership is expected to foster the development of NFT real estate and attract more global investors to invest in blockchain-powered proptech in Vietnam.
Real estate investment promises a very high ROI with the least risk among other investment types (stocks, crypto, saving, open-ended funds, etc.). However, its characteristic creates high entry barriers for individual investors, including big investment capital and an inconvenient, time-intensive multiple-transaction process.
Meatin makes investing in income-producing assets affordable, convenient, safe, transparent, and trustworthy for investors. The platform aims to grow the Vietnam real estate investment market and improve its accessibility using blockchain technology to complement, not replace reliable approaches.
The startup targets middle-income customers.
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Duc Tran, General Partner at IDG Capital, said: “Income-producing property is real estate you invest in to make money from current rental payments, appreciation in market price, or adding value with additional revenue streams. Last but not least, their aims are only around Central Business District properties whose evaluations are the most stable with an all-time uptrend, compared to other options.”
“With the high security, instantaneous settlement, transparent and seamless transaction process, blockchain, smart contract and NFT technology are transforming the real estate industry and will become the key trend in the next decades. The next challenges would be how proptech investors’ pennies with a reliable setup and how to grow these pennies via choosing the right investment assets to acquire. And we believe that we are on the right track of that,” said Nhan Tran, CEO of Metain.
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