Metrospaces Sells Key Technology Assets to Genesis Holdings in $1 Million Stock Deal
Metrospaces Inc. has agreed to sell its blockchain real estate tokenization and AI property management platforms to Genesis Holdings for $1 million in convertible preferred stock, positioning both companies for operational relaunch and financial recovery.
Metrospaces, Inc. (OTC: MSPC) has signed a Letter of Intent with Genesis Holdings, Inc. (OTC: GNIS) to transfer two of its core technology platforms in exchange for $1 million in convertible preferred stock. The transaction involves MetroCrowd, a blockchain-based real estate tokenization platform, and MetroHouse, an AI-powered property management software system, both of which will now operate under Genesis Holdings' management.
The agreement represents a strategic restructuring for Metrospaces, which had developed these platforms but faced financial constraints preventing their full launch. Under the new arrangement, Genesis will activate and relaunch both technologies in the coming weeks, serving as a publicly traded operational partner aligned with Metrospaces' rebuilding strategy. This transaction creates the first value-based path to corporate recovery for Metrospaces while ensuring the technologies reach market under capable management.
Metrospaces retains its flagship hospitality platform, Abode Stays, which focuses on premium short-term residences across Europe and the Americas. The company now positions itself for reemergence with improved access to funding, a refined business plan, and a clear path to full operational relaunch. The structural changes provide operational clarity and cost efficiency while maintaining strategic alignment between the two companies.
In a significant leadership development, Metrospaces CEO Oscar Brito will be named CEO of Genesis Holdings once the transaction closes, ensuring full transparency and synergy across both organizations. This unified leadership structure creates a coordinated approach to executing both companies' missions while maintaining the operational separation of their respective assets.
The transaction remains subject to successful negotiation and closing of a definitive agreement, with both companies currently renewing their corporate websites as part of the relaunch process. The deal represents a pivotal moment for Metrospaces, which acknowledges the challenges faced by long-standing shareholders while expressing confidence in the new strategic direction.
This corporate restructuring occurs within the broader context of evolving PropTech markets, where AI-based property management and blockchain tokenization represent growing segments of real estate technology. The successful activation of MetroCrowd and MetroHouse under Genesis Holdings could demonstrate new models for technology deployment in the competitive PropTech landscape.