According to TechFlow, on September 30, Coindesk reported that asset management company Kin Capital announced the launch of a $100 million tokenized real estate debt fund on Chintai, a blockchain network focused on real assets (RWA). The fund mainly holds priority real estate trust deeds, with a target annualized rate of return of 14%-15%, and is open to institutional investors.
Chintai is a blockchain network focused on physical assets and has obtained a license to trade capital market products from the Monetary Authority of Singapore (MAS). Kin Capital operates a blockchain marketplace focused on real estate investment funds. According to Kin Capital's plan, the fund will first issue an initial tranche of $5 million, followed by additional tranches between 2024 and early 2025. The minimum investment for qualified investors is $50,000, and the fund will distribute earnings to investors on a quarterly basis.