Odaily Planet Daily News - American real estate asset management company Patel Real Estate Holdings (referred to as PREH) has launched a tokenized fund worth $100 million on the Chintai blockchain, facilitating qualified investors' access to institutional-grade real estate investments. The newly launched PREH multi-family housing fund is a tokenized investment tool that focuses on Class A multi-family housing units in the top 20 growth markets in the United States. Its architecture is digitally native, covering compliance onboarding, reporting, capital raising, and potential secondary market transfers. This fund is part of a $750 million investment tool jointly developed by PREH and several institutions, including Carlyle, DRA Advisors, Walton Street Capital, RPM, and KKR, with an initial $25 million to be tokenized on Chintai. PREH states that this structure can alleviate the transparency and liquidity challenges of private market investments. (Cointelegraph)