RealNOI Launches Blockchain-Powered Rental Income Platform

RealNOI, a company focused on transforming real estate income into a tradable asset, has launched its blockchain-powered rental income platform built on Chintai, a real-world asset (RWA) tokenization service.

The platform provides investors access to cash flows worth $570 million from nearly 1,900 apartments, with projected annual returns exceeding 5%. Unlike traditional real estate tokenization which involves fractional property ownership, RealNOI focuses solely on rental income. This approach eliminates the need for title transfers, notaries, or direct property management, as rental cash flows are recorded on-chain for real-time transparency and can be traded on secondary markets.

RealNOI’s launch marks a significant increase from the $124 million initially projected when the partnership with Chintai was announced in December.

Connor Gallic, chief blockchain officer at RealNOI, stated, “We have been flooded with inquiries since the announcement.” He cited a report from commercial real estate intelligence service CRED iQ, indicating 40% of multifamily property owners struggle with refinancing due to higher interest rates, which have diminished property valuations and created a need for additional capital. Tokenizing the rental cash flows could help bridge these capital needs.

“There is a big dislocation in the market,” Gallic added. “Our solution fixes that and gives the crypto community a chance to demonstrate the transformative power of crypto in finance.”

Chintai is described as the “Shopify” for asset tokenization, utilizing its layer-1 blockchain and native token CHEX to power the network. Chintai Network Services Pte Ltd is regulated by the Monetary Authority of Singapore (MAS) as a Capital Markets Services provider and a Recognized Market Operator for the trading of digital securities, according to their white paper.

In this collaboration, RealNOI sources and curates the properties for the platform, while Chintai manages all tokenization processes. This includes creating RentStream tokens that represent rental income available for investors, automating rent payouts via smart contracts, and ensuring regulatory compliance.

A spokesperson for Chintai mentioned, “RealNOI going live is super exciting, but the larger narrative is that this model can be replicated across various industries. You could have countless versions of RealNOI launching with Chintai powering everything.”