Metrospaces Announces Asset Sale and Strategic Partnership with Genesis Holdings

Metrospaces, Inc. (OTC: MSPC), a PropTech company focused on AI-based property management and real estate tokenization, announced the signing of a Letter of Intent with Genesis Holdings, Inc. (OTC: GNIS) to sell two of its valuable technology platforms. The transaction involves MetroCrowd, a blockchain-based real estate tokenization platform, and MetroHouse, an AI-powered property management software system, being transferred to Genesis Holdings in exchange for $1 million in convertible preferred stock.

This agreement represents a significant corporate restructuring for Metrospaces, establishing what the company describes as the first true value-based path to rebuilding. The two platforms, which had been long envisioned but never launched due to financial constraints, will now be activated under the Genesis umbrella. Genesis is positioned as a dynamic entrepreneurial company that will house and relaunch both MetroCrowd and MetroHouse in the coming weeks, serving as a publicly traded operational partner aligned with Metrospaces in rebuilding these assets.

The strategic implications of this transaction extend beyond the immediate asset transfer. Metrospaces CEO Oscar Brito will be named CEO of Genesis Holdings once the transaction closes, ensuring full transparency and synergy across both companies. This leadership structure creates operational clarity, cost efficiency, and a united front in executing on both companies' missions. The arrangement allows Metrospaces to maintain its flagship project, Abode Stays, a premium hospitality platform focused on high-end short-term residences across Europe and the Americas.

For the PropTech industry, this transaction signals a potential shift in how technology companies approach asset management and corporate restructuring. The convertible preferred stock arrangement provides Metrospaces with real access to funding, a concrete business plan, and a clear path to full relaunch. This could serve as a model for other technology companies facing similar financial challenges while maintaining valuable intellectual property assets.

The activation of MetroCrowd and MetroHouse under Genesis Holdings represents significant potential for the real estate technology sector. MetroCrowd's blockchain-based real estate tokenization platform could revolutionize property ownership and investment through SEC-registered or exempt security token offerings (STOs), while MetroHouse's AI-powered property management software addresses growing demand for automated, intelligent property operations. Both platforms align with broader industry trends toward digital transformation in real estate management and investment.

The transaction is subject to the successful negotiation and closing of a definitive agreement, and both companies are currently renewing their websites to reflect their new strategic directions. This corporate restructuring positions Metrospaces to reemerge with strengthened financial footing and focused operational strategy, while Genesis Holdings gains two promising technology platforms with potential for significant market impact in the evolving PropTech landscape.