Patel Real Estate Holdings (PREH) launched a $ 100 million tokenization fund on the Chintai blockchain, aimed at giving accredited investors access to real estate opportunities for institutional quality.
The new multifamily preh fund is an investment vehicle in tokens focused on multifamilial vintage class A units on the 20 best American growth markets, the company told Cointelegraph on May 12.
“The entire structure is a native digital from the start – compliant integration, reports, capital calls and secondary (potential) market transfers,” said a preh spokesperson.
The fund is part of an investment vehicle of 750 million dollars wider co-developed by PREH and several institutional companies, including Carlyle, Dra Advisors, Walton Street Capital, RPM and KKR. Initially, the company said that $ 25 million on the allocation of $ 100 million would be tokenized on Chiltai.
According to PREH, the structure of tokenization helps to alleviate many transparency and liquidity constraints with which investors are generally faced with private market investments.
Founded in 2010, PREH is a national real estate asset manager who supervises a portfolio of multifamilial class A properties. The company has and operates real estate investments, supervising the acquisition, financing and management of properties.
Since its creation, Preh has carried out more than $ 500 million in real estate transactions.
Chiltai is a layer 1 blockchain focused on tokenization which also feeds the R3 sustainability fund for environmental, social and governance investment (ESG). Its native token, Chex, is currently estimated at $ 0.24, with a total market capitalization of $ 244 million, according to CoinmarketCap.
“We have chosen Chiltai because they offer a fully regulated platform of institutional quality for active active world,” said Preh president, Tejas Patel, at Cointelegraph in a written declaration, adding:
“Their technology allows us to maintain the highest standards for compliance and investor protection while introducing the efficiency and benefits of access to the blockchain.”
In relation: RWA tokenization trends and market prospects for 2025: report
Real estate token
Token real estate has long been considered a means of modernizing real estate investment, but until recently, the examples of the real world were rare.
At the beginning of 2025, real estate tokenization had gained ground across North America and the United Arab Emirates, while efforts are underway in Europe to establish regulatory executives which support its growth.
One of the largest catalysts in tokenization is “the ability to eliminate the real estate delivery,” the CEO of Polygon, Mark Boiron told Cointelegraph.
The growth of liquid secondary markets for fractional real estate could considerably strengthen this advantage.
This motivation also led the RWA Dishishares platform to launch the Rex Marketplace on Polygon earlier this year, with two lists of luxury properties in Miami, Florida.
Efforts are also underway for Tokensize Commercial real estate, with BlockSquare and Vera Capital which is recently associated to offer a fractional property of more than a billion dollars in properties.
In this context, the consulting firm Deloitte has planned that 4 billions of dollars of real estate will be tokenized on the blockchain during the next decade.
https://www.youtube.com/watch?v=tyo993t72ms
Review: Have your stake and also gain costs: Tushar Aggarwal in double dive in defi
