Chintai’s CHEX Token Surges 42% as Focus Shifts to Real-World Asset Tokenization

Chintai’s CHEX Token Surges 42% as Focus Shifts to Real-World Asset Tokenization

The native token of Singapore-based blockchain firm Chintai, CHEX, has experienced a remarkable surge of 42% within the last 24 hours, gaining significant attention in the U.S. market.

As of the latest data, CHEX is trading at $0.379, with a 24-hour trading volume reaching $21.9 million, indicating heightened market activity and investor interest.

Chintai, known for its expertise in blockchain-based tokenization of real-world assets (RWAs) such as real estate and carbon credits, has been in operation for three years. Their approach involves leveraging network bridges to bring tokenized RWAs to prominent public blockchains like Ethereum, Solana, and Avalanche.

Having secured two licenses from the Monetary Authority of Singapore (MAS) to operate a regulated digital asset marketplace, Chintai is positioned to cater to institutional capital with a focus on regulated and sustainable practices. This includes offering a diverse range of assets, from bonds to real estate and carbon credits, tapping into a projected market cap of $16 trillion by 2030.

The recent launch of Chintai Nexus, an all-in-one platform for real-world asset tokenization, further underscores the firm’s commitment to advancing the tokenization of RWAs. The platform supports the full trade life cycle of various digital assets, including carbon credits, utility tokens, collectibles, and alternative assets.

In parallel with Chintai’s efforts, investment management giant BlackRock has announced the creation of the BlackRock USD Institutional Digital Liquidity Fund in collaboration with Securitize, a leading asset tokenization firm.

While the specific assets to be held by the fund remain undisclosed, Securitize’s involvement suggests a focus on tokenizing real-world assets (RWA). This practice involves representing ownership of traditional assets through blockchain tokens, offering potential benefits such as enhanced liquidity and efficiency.

BlackRock’s move into digital asset funds aligns with its previous ventures, including the listing of a spot-based bitcoin (BTC) exchange-traded fund (ETF) and filing for a spot ether (ETH) ETF. CEO Larry Fink has emphasized that BTC and ETH ETFs are just the beginning, signaling a broader shift towards asset tokenization.

The tokenization of real-world assets represents a burgeoning sector at the intersection of digital assets and traditional finance, aiming to streamline settlements and unlock new opportunities for investors. As Chintai and BlackRock pave the way in this space, the potential for further growth and innovation remains promising.

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