CHEX surges 42% as Chintai focus efforts on RWA tokenization

CHEX token, the native token of Singapore-based blockchain firm Chintai, has seen a surge of 42% in the last 24 hours, gaining trending status in the U.S. With a current trading price of $0.379 and a trading volume of $21.9 million, CHEX has experienced increased market activity. Chintai specializes in tokenizing real-world assets (RWAs) like real estate and CO₂ certificates using popular public blockchains such as Ethereum, Solana, and Avalanche. The company holds licenses from the Monetary Authority of Singapore, enabling it to operate as a regulated digital asset marketplace. Chintai recently launched Chintai Nexus, an all-in-one platform for the tokenization and trading of real-world assets, further solidifying their commitment to advancing this technology. In related news, investment management firm Blackrock has partnered with asset tokenization firm Securitize to create the BlackRock USD Institutional Digital Liquidity Fund, emphasizing the growing interest in tokenizing real-world assets. BlackRock CEO Larry Fink has expressed his belief that tokenization is the future of finance, and the company has made strides in the digital asset space with the launch of a bitcoin exchange-traded fund (ETF) and the filing for an ether (ETH) ETF. The tokenization of real-world assets offers faster settlements and increased efficiency, bridging the gap between traditional finance and digital assets.