MPV Capitals Ltd., a fully owned subsidiary of MPV (L) Foundation which is incorporated in Labuan, Malaysia, was granted an operating licence to carry on a Credit Token Business under Section 86 of Labuan Financial Services and Securities Act (LFSSA) 2010, by the Labuan Financial Services Authority (LFSA).
This licence allows MPV Capitals Ltd to issue MPV Tokens in accordance to the value of the pledged properties, and to be freely traded on the registered crypto exchanges around the world. MPV Capitals Ltd partners with other MPV (L) Foundation subsidiaries are allowed to collect funds in exchange of Tokens issued, as well as governing the rights of MPV Token investors.
This is why MPV claimed to be the World’s Premier Blockchain Digital Asset Backed By Global Real Estate, whose Credit Token Business licensed under LFSA.
Labuan Financial Services Authority (Labuan FSA) was established on 15 February 1996 under the Labuan Financial Services Authority Act 1996.
Labuan FSA is governed by a board known as the Authority, whose members are appointed by the Minister of Finance. Besides LFSA is the statutory body responsible for the development and administration of the Labuan International Business and Financial Centre (Labuan IBFC).
Labuan FSA’s key role is to license and regulate licensed entities operating within Labuan IBFC and to ensure all such entities remain in compliance with the internal and international best standards adopted by the jurisdiction. Labuan FSA also develops policies for the orderly conduct of business and financial services in Labuan IBFC.
Separately, blockchain technology, which is the enabler for the highly sought-after cryptocurrencies, promises great potential in digitising real estate investment moving forward due to its unique decentralisation, transparent and uncompromised security features.
MPV brings the best of both worlds to the market by combining real estate investment with blockchain technology, supported by its unique “invest and own” model that revolutionises real estate investment and ownership, reaching out to more potential investors from the onset.
Each MPV token denotes the fractional ownership of the real estate enlisted on the platform; this means that MPV token holders will not only hold the token’s value in real estate, but will receive dividends derived from income or profit generated from the property under management.
Please visit MPV official website for Compliance & Legal documents at www.mpvworld.com
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