Realnoi, a company focused on the transformation of real estate income into a negotiable asset, deployed its rental income platform powered by the blockchain, the tokenization service for real assets (RWA).
The platform gives investors access to cash flows worth $ 570 million, from almost 1,900 apartments with expected annual yields exceeding 5%. Unlike traditional real estate tokenization, which involves fractional property, Realnoi focuses solely on rental income, eliminating the need for title transfers, notaries or direct goods management. Rental cash flows are recorded on the chain for real -time transparency and can be negotiated on the secondary markets.
Realnoi’s launch represents a significant leap compared to the $ 124 million initially planned when the company announced its partnership with Chiltai in December.
“We were flooded with requests [since the announcement]”Said Connor Gallic, Blockchain chief at Realnoi, in an interview with Coindesk. Citing a report by CRED IQ of the real estate business intelligence real estate service, he said that 40% of the loans from owners of multifamilial properties are struggling with the prices have reduced goods assessments and need additional capital.
“There is a great dislocation on the market,” said Gallic. “Our solution corrects this. And this gives the cryptographic community the opportunity to show the financial markets the power of the cryptographic markets to transform the financial industry significantly.
Chiltai describes its services as “Shopify” for the tokenization of assets with its layer 1 blockchain and the native token chex supplying the network. CHINTAI Network Services PTE LTD, the network development company of the network, is regulated and authorized by the Singapore monetary authority (MAS) to act as provider of capital market services and market operator recognized for the ‘Primary emission and the secondary market trade in digital titles, depending on the white project of the project.
In this case, Realnoi Sources and organizes the properties of the platform, while the Chintai manages all the tokenization processes, in particular the creation of renteam tokens representing the rental income that investors can buy, rent payments automated by The means of intelligent contracts and compliance with regulations.
“Realnoi who goes live is super exciting, but the broader history is that this model can be reproduced in various industries,” said a spokesperson for Chiltai. “You may have countless versions of the launch of Realnoi with Chiltai, fueling everything.”
