TechFlow News, September 30 — According to Coindesk, asset management firm Kin Capital announced the launch of a $100 million tokenized real estate debt fund on Chintai, a blockchain network focused on real-world assets (RWA). The fund primarily holds senior real estate trust deeds and targets an annualized return of 14%-15%, available to institutional investors.
Chintai is a blockchain network dedicated to real-world assets and has obtained a Capital Markets Services license from the Monetary Authority of Singapore (MAS). Kin Capital operates a blockchain marketplace focused on real estate investment funds. As per Kin Capital's plan, the fund will initially issue $5 million in shares, followed by additional tranches between 2024 and early 2025. The minimum investment for qualified investors is $50,000, with returns distributed quarterly.
