Realnoi, a company dedicated to changing real estate revenue in a tradable asset, combined the blockchain revenue platform enabled by rental developed at the top of the real-world asset (RWA) tokenization service Chintai.
The platform gives investors accessing cash flows worth $ 570 million from about 1,900 apartments with an expected annual return of more than 5%. Unlike the traditional real estate tokenization, which involves fractional compassion -ownership, Realnoi focuses only on reign income, eliminating the need for title transfers, notary, or direct management of ownership. Cash cash flows are recorded on-chain for real-time transparency and can be exchanged with the second market.
Realnoi’s launch represents a significant jump from the $ 124 million that was first expected when the company announced its cooperation with Chintai in December.
“We have flooded questions (since the announcement),” Connor Gallic, chief blockchain official in Realnoi, said in an interview with CoinDesk. Noted a report from commercial real estate intelligence service cred IQ, he said that 40% of multi-family owners loans with a problem getting refinancing because the increased interest rate reduced the property values and requires additional capital. Tacking cashflows of lease can help the bridge of capital needs.
“There’s a big dislocation in the market,” Gallic said. “Our solution is already organizing. And it gives the crypto community a chance to reflect financial markets the power of crypto markets to change the financial industry in a significant way.
Chintai described its services as “Shopify” for asset tokenization along with the Layer-1 blockchain and native Chex token that empowers the network. Chintai Network Services PTE LTD, the network ecosystem firm, is controlled and licensed by the Monetary Authority of Singapore (MAS) to act as a capital market service provider and a recognized market operator for basic release and secondary market market in digital securities, according to the project’s white role.
In this case, realnoi and curates resources are possessed for the platform, while Chintai holds all the processes of tokenization, including the creation of rentstream tokens that represent the reign income that is already Investors can be purchased, automatically rent a payout through intelligent contracts and compliance with regulations.
“The Realnoi going live is super -excited, but the wider story is also that this model can be replicated in different industries,” a spokesman for Chintai said. “You can have countless versions of Launching Realnoi with Chintai, which enables everything.”
