Chintai (CHEX) Tokenizes $570M Real Estate Cashflow for RealNOI

RealNOI, an organization targeted on reworking actual property earnings right into a tradable asset, has rolled out its blockchain-powered rental earnings platform construct on prime of real-world asset (RWA) tokenization service Chintai.

The platform provides buyers entry to money flows price $570 million from almost 1,900 residences with projected annual returns exceeding 5%. Unlike conventional actual property tokenization, which includes fractional property possession, RealNOI focuses solely on rental earnings, eliminating the necessity for title transfers, notaries, or direct property administration. Rental money flows are recorded on-chain for real-time transparency and might be traded on secondary markets.

RealNOI’s launch represents a big leap from the $124 million initially projected when the corporate introduced its partnership with Chintai in December.

“We have been flooded with inquiries [since the announcement],” Connor Gallic, chief blockchain officer at RealNOI, stated in an interview with CoinDesk. Citing a report from industrial actual property intelligence service CRED iQ, he stated that 40% of multi-family property house owners’ loans have hassle getting refinancing as a result of greater rates of interest diminished property valuations and wanted extra capital. Tokenizing the rental cashflows may also help bridge the capital wants.

“There is a big dislocation in the market,” Gallic stated. “Our solution fixes that. And it gives the crypto community an opportunity to show the finance markets the power of the crypto markets to transform the finance industry in a meaningful way.

Chintai describes its services as “Shopify” for asset tokenization with its layer-1 blockchain and native token CHEX powering the network. Chintai Network Services Pte Ltd, the network’s ecosystem development firm, is regulated and licensed by the Monetary Authority of Singapore (MAS) to act as a Capital Markets Services provider and a Recognized Market Operator for primary issuance and secondary market trading in digital securities, according to the project’s white paper.

In this case, RealNOI sources and curates the properties for the platform, while the Chintai handles all tokenization processes, including creating RentStream tokens representing rental income that investors can buy, automated rent payouts through smart contracts and compliance with regulations.

“RealNOI going stay is tremendous thrilling, however the wider story as effectively is that this mannequin might be replicated throughout varied industries,” a spokesperson for Chintai said. “You might have numerous variations of RealNOI launching with Chintai, powering every thing.”