Wall Street-Backed Real Estate Fund Goes Digital With Tokenized Launch

This new vehicle—called the PREH Multifamily Fund—focuses on vintage Class A properties and forms part of a broader $750 million institutional effort co-developed with heavyweights like Carlyle, KKR, Walton Street Capital, DRA Advisors, and RPM. While the full fund is significant in scope, the initial $25 million will be tokenized using Chintai’s regulated infrastructure.

Tejas Patel, president of PREH, said the firm selected Chintai for its compliance-first design and its ability to streamline investor onboarding, capital flow, and reporting—all within a blockchain-native framework. “Their platform gives us regulatory clarity without sacrificing the efficiency and flexibility blockchain provides,” Patel stated.

Founded in 2010, PREH specializes in acquiring and managing high-end multifamily assets and has already executed over $500 million in property deals. By turning to tokenization, the firm aims to address long-standing issues around liquidity and transparency that have traditionally plagued private real estate markets.

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Chintai, the layer-1 blockchain supporting the project, is also known for powering ESG-focused investment products like the R3 Sustainability Fund. Its native token, CHEX, trades at $0.24 with a market cap of roughly $244 million.

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