CHEX, the native token of Singapore-based blockchain firm Chintai, has experienced a significant surge of 42% in the last 24 hours, making it a trending topic in the U.S. market.

As of the latest data, CHEX is currently trading at $0.379 with a 24-hour trading volume of $21.9 million, indicating a notable increase in market activity.

Chintai specializes in blockchain-based tokenization of real-world assets, such as real estate and CO₂ certificates, and has been in operation for three years. They aim to tokenize real-world assets and bring them to popular public blockchains like Ethereum, Solana, and Avalanche using network bridges.

The firm has obtained two licenses from the Monetary Authority of Singapore (MAS) to operate a regulated digital asset marketplace. This regulatory approval allows Chintai to focus on a sustainable pathway that appeals to institutional investors, offering a range of assets from bonds to real estate and carbon credits, tapping into a market cap projected to reach $16 trillion by 2030.

On Feb. 8, 2024, Chintai launched Chintai Nexus, an all-in-one platform for tokenizing real-world assets. The platform supports the full trade life cycle of digital assets such as carbon credits, utility tokens, collectibles, and alternative assets.

Chintai’s recent advancements, including the launch of Chintai Nexus, demonstrate the company’s dedication to advancing the tokenization of real-world assets.

Following this trend, investment management firm BlackRock has announced the creation of the BlackRock USD Institutional Digital Liquidity Fund in partnership with Securitize, a leading asset tokenization firm from the British Virgin Islands.

While the specific assets held by the fund have not been disclosed, Securitize’s involvement suggests a focus on tokenizing real-world assets, a practice gaining popularity for its potential to enhance asset liquidity and efficiency.

BlackRock’s move into digital asset funds follows the listing of a bitcoin (BTC) exchange-traded fund (ETF) in January, which attracted over $15 billion in assets under management. The company also filed for an ether (ETH) ETF last year.

BlackRock CEO Larry Fink stated in a January interview with CNBC that BTC and ETH ETFs are just the beginning of a broader trend towards tokenization in finance.

The tokenization of real-world assets is a growing sector at the intersection of digital assets and traditional finance, aiming to streamline settlements and increase efficiency by placing traditional assets on blockchain platforms.

For further insights into the growing trend of tokenization in finance, consider reading K33 Research’s analysis on Chainlink as a leading asset in this dynamic field.

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