PANews reported on May 13 that according to Cointelegraph, the US real estate asset management company Patel Real Estate Holdings (PREH) launched a tokenized fund worth $100 million on the Chintai blockchain to help qualified investors access institutional-grade real estate investments. The newly launched PREH Multifamily Residential Fund is a tokenized investment tool that focuses on older Class A multifamily residential units in the top 20 growth markets in the United States. Its architecture is digitally native, covering compliant entry, reporting, capital raising and potential secondary market transfers. The fund is part of a $750 million investment tool developed by PREH with Carlyle, DRA Advisors, Walton Street Capital, RPM and KKR, and the initial $25 million will be tokenized on Chintai. PREH said that this structure can alleviate the transparency and liquidity problems of private market investments.