👉PREH launches a tokenized fund of $100 million in the US
The real estate management company PREH has just announced a $100 million tokenized investment fund on the Chintai blockchain platform.
The fund targets Class A multifamily properties in the top 20 growth markets in the United States, backed by major institutions like Carlyle and KKR. This is an ambitious step to digitize real estate investment, enhancing transparency and liquidity.
A portion of the fund ($25 million) will be tokenized in the initial phase. PREH's chairman, Mr. Tejas Patel, affirmed: “We are reshaping the approach to real estate with blockchain technology.”