According to online reports, U.S. real estate asset management company Patel Real Estate Holdings (PREH) launched a US$100 million tokenized fund on the Chintai blockchain to help qualified investors access institutional real estate investment. The newly launched PREH Multi-Family Residential Fund is a tokenized investment vehicle that focuses on old Grade A multi-family residential units in the top 20 growth markets in the United States. Its architecture is digital and native, covering compliance occupancy, reporting, capital raising and potential secondary market transfers. The fund is part of a $750 million investment vehicle developed by PREH in conjunction with Carlyle, DRA Advisors, Walton Street Capital, RPM and KKR, with an initial $25 million to be tokenized in Chintai. PREH said this structure could alleviate transparency and liquidity problems in private market investments.