The American asset manager PREH is launching a new tokenized real estate fund worth $100 million, backed by heavyweight institutional partners. The idea is simple: goodbye paperwork, hello blockchain liquidity.
A New Tokenized Real Estate Fund of Over $100 Million
PREH’s Multifamily Fund targets Class A residential buildings in the 20 fastest-growing markets in the United States. The promise: to make this type of asset, usually reserved for institutional investors, accessible to accredited investors through a 100% digital investment vehicle.
Everything, from onboarding to fund calls management, is designed to run on the Chintai blockchain. A first tranche of $25 million will be tokenized immediately as part of a larger $750 million program co-developed with Carlyle, DRA Advisors, Walton Street Capital, RPM, and KKR.
Tokenization Revolutionizes Finance: Goodbye Illiquidity, Hello Transparency
Tejas Patel, President of PREH, justifies this technological choice by the need to “maintain the highest standards of compliance and investor protection, while benefiting from the efficiency gains of Web3.” On blockchains like Chintai, tokenized real estate is no longer a utopia: facilitated secondary transfers, integrated reporting, and the ability to bypass the traditional opacity of private placements.
We chose Chintai because it offers a fully regulated institutional platform designed for tokenizing real-world assets.
Tejas Patel, President of PREH
For PREH, this is also a logical progression. Since its founding in 2010, the company has completed over $500 million in transactions in high-end residential real estate.
Chintai is a layer 1 blockchain focused on tokenization that also powers the R3 Sustainability Fund.
A Market in Full Swing
The timing is perfect. Real-world asset tokenization is emerging as a significant trend. Projects like DigiShares and Blocksquare are accelerating the fragmentation of real estate assets through secondary platforms, particularly on Polygon.
Deloitte predicts that the total value of tokenized real estate could exceed $4 trillion by 2035. The market, long hindered by legal and technical constraints, is finally entering a new era.
