Quick take:
- Kin Capital is launching a $100 million tokenised real-estate debt fund accessible to investors with a minimum investment limit of $50,000.
- The fund targets an annual return of 14%-15% with quarterly distributions to investors.
- The real-world asset tokenisation market is projected to hit a valuation of $10 trillion by 2030.
Kin Capital, a digital asset manager with $25 million in assets under management, is launching a $100 million tokenised real-estate debt fund on the Chintai network, a layer-1 blockchain focused on the tokenisation of real-world assets (RWAs).
The firm is initially offering a $5 million tranche with more offerings planned for the remainder of 2024 and early 2025 and is available to investors with a minimum investment limit of $50,000.
According to the announcement, the fund targets to pay an annual return of 14%-15% with quarterly distributions to investors.
Real-world asset tokenisation has been one of the fastest-growing sectors of the crypto industry driven the the need for greater efficiency, lower costs and faster settlements. Crypto research firm 21shares predicts the industry will be worth approximately $10 trillion by 2030.
Kin wants to tokenise real estate trust deeds, which are legal instruments used to create security in property and real estate until the loan is paid off.
According to Chintai’s whitepaper, its business is regulated and licensed by the Monetary Authority of Singapore (MAS), allowing it to act as a Capital Markets Services provider and a Recognized Market Operator for primary issuance and secondary market trading in digital securities. The layer-1 blockchain is powered by its native CHEX token, which is used as an incentive to increase liquidity on the network.
Commenting on the announcement, David Packham, CEO of Chintai said in a statement: “This collaboration not only bridges the gap between traditional finance and blockchain innovation but also provides accredited investors with unique opportunities to achieve stable and attractive returns in a rapidly evolving digital landscape.”
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