Chintai Blockchain gets $100M from Kim Asset Manager Tokenized Real Estate Fund

Chintai Blockchain gets $100M from Kim Asset Manager Tokenized Real Estate Fund

By Novasky | DevPress | 22 Oct 2024


RWA is a future and the blockchain world is going to change a lot of things in the world. Like once the RWA based funds bring value in the govt and the asset management it'd bring digitalization in the order for everyday life. 

RWA is a future now. And every blockchain wants to tap into it. As it gives the blockchain chance to be regulatory compliant and also the option to be useful for real world asset.

Chintai blockchain is a blockchain developed for the purpose of the real world assets. And recently one of the RWA fund has decided to invest into the Chintai blockchain.

There is a lot of buzz for this on the twitter posts too. And Chintai network seems to have found a use case with such a huge investment.

 

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Kin capital asset manager has invested into the fund. And this fund holds the real estate options. And this means 14-15% as per the fund ROI goes through the Chintai’s RWA assets. This is a good sign for the traditional business investing into such funds.

As this company is from the Singapore and has a presence in the germany. Soon more EU based companies and the govt projects would be investing into the funds. And that is a good direction for the Chintai blockchain.

Hopefully the fund investment and more TradFi investment would change the finance world through RWAs.

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Novasky
Novasky

Crypto Blogger and Open Source Developer.


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