RealNOI Launches Tokenization Platform for $570 Million Rental Income
RealNOI has launched a blockchain platform for tokenizing and trading rental income, utilizing Chintai's technology for real-world asset (RWA) tokenization. Key points include:
- Initial valuation was estimated at $124 million.
- The platform provides access to $570 million in rental income from about 1,900 apartments.
- Expected annual returns exceed 5% without requiring title transfers or direct management.
Market Challenges and Tokenization
RealNOI aims to address market imbalances highlighted by rising interest rates affecting property values. Connor Gallic stated the initiative showcases the potential of crypto to transform finance.
Chintai’s Role and Expansion
Chintai, licensed by the Monetary Authority of Singapore, manages the tokenization process. The company plans to expand into the US with over $1 billion in deals, emphasizing that tokenized RWAs are reshaping markets now.