PREH has launched a $100 million real estate tokenization fund on the Chintai Blockchain.

According to Gate.io News bot, as reported by Cointelegraph, American real estate asset management company PREH has officially launched a tokenization fund with a total scale of $100 million on the Chintai blockchain platform. The fund focuses on investing in old Class A multifamily residences in the top 20 growth markets in the United States and offers institutional-level real estate investment opportunities to accredited investors.

PREH plans to tokenize $25 million worth of assets on the Chintai platform in the initial stage. PREH directly stated: "This move will enhance transparency and liquidity in the private placement market."