Key Notes
- RealNOI’s platform enables rental income to be tokenized and traded using blockchain technology.
- Chintai handles the tokenization process, including RentStream tokens and automated rent distribution.
- Investors can access $570 million in rental income from 1,900 apartments with projected returns above 5%.
RealNOI has launched a blockchain-based platform that allows rental income to be tokenized and traded. The company revealed that the platform is built using Chintai, a platform specializing in real-world asset (RWA) tokenization.
RealNOI has exceeded initial expectations, having originally estimated a valuation of $124 million when it first announced its partnership with Chintai in December. The Chief Blockchain Officer at RealNOI, Connor Gallic, told CoinDesk that the company has seen a surge in interest following its announcement. He made reference to a CRED iQ analysis showing that many multi-family property owners face refinancing challenges due to rising interest rates, which have reduced property values and increased capital demands.
The platform offers investors access to $570 million in rental income from approximately 1,900 apartments, with expected annual returns exceeding 5%. The platform focuses solely on rental earnings, eliminating the need for title transfers or direct management.
Addressing Market Challenges Through Tokenization
Gallic emphasized that the company is addressing a major market imbalance. He added that this initiative would allow the crypto sector to demonstrate its potential to reshape traditional finance, stating:
“There is a big dislocation in the market. Our solution fixes that. And it gives the crypto community an opportunity to show the finance markets the power of the crypto markets to transform the finance industry in a meaningful way.”
Chintai, licensed by the Monetary Authority of Singapore (MAS) to operate as a Capital Markets Services provider and facilitate digital securities trading, is powered by its layer-1 blockchain and native token, CHEX. While RealNOI selects and manages the properties, Chintai oversees the tokenization process. This includes creating RentStream tokens linked to rental income, automating rent distribution with smart contracts, and ensuring regulatory compliance.
A Chintai spokesperson noted that the initiative could be applied across different industries, saying:
“RealNOI going live is super exciting, but the wider story as well is that this model can be replicated across various industries. You could have countless versions of RealNOI launching with Chintai, powering everything.”
Chintai’s US Expansion and the Future of Tokenized Finance
David Packham, CEO and co-founder of Chintai, announced in January the company’s entry into the US market, aiming to secure securities licensing and advance tokenized finance. He shared that the expansion includes more than $1 billion in upcoming US-focused deals, adding that the future of finance is tokenized and that Chintai is driving this transformation. Packham stated:
next“Our US expansion goes beyond licensing—it’s about execution. Over the next few weeks, we’ll roll out over $1 billion in US-focused deal flow, proving that tokenized RWAs aren’t just the future—they’re transforming markets today.”
