Wall Street-backed real estate fund PREH Multifamily Fund has launched a digital tokenized vehicle for vintage Class A properties with an initial $25 million tokenization using Chintai's infrastructure.
Tejas Patel, president of PREH, chose Chintai for its compliance-first design to streamline investor onboarding, capital flow, and reporting within a blockchain-native framework.
Founded in 2010, PREH specializes in high-end multifamily assets and aims to address liquidity and transparency issues in private real estate markets through tokenization.
Chintai, the layer-1 blockchain supporting the project, is recognized for ESG-focused investment products and its native token CHEX trades at $0.24 with a market cap of approximately $244 million.