Futures
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One platform for global traditional assets
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The fintech platform MegPrime, owned by American real estate developer Megatel Homes, has received a no-action letter from the U.S. Securities and Exchange Commission (SEC) confirming that its MP token is a general-purpose payment token rather than a security. The platform offers rewards for housing-related payments, including up to 20% cashback on rent or mortgage payments made with MP tokens, and mortgage rates up to 2% lower than market rates. The platform aims to address housing affordability issues by converting everyday expenses into savings and homeownership benefits.