Update on the $CHEX position, we’re up 370% since the first call two weeks ago, I haven’t sold a single token and I’m not planning to do so, why? There’s something a lot of people miss when doing RWA picks: licenses To actually be able to tokenize real world assets you need the corresponding licenses, most RWA plays you hear of out there are infra related or simply don’t have the licenses to issue tokenized RWAs (basically operating illegally) Chintai, the company behind the $CHEX token spent YEARS to get licensed under the Monetary Authority of Singapore to actually be able to provide white label services to their clients They don’t only provide the licenses but also all the infrastructure which companies willing to tokenize their assets can use, basically they take care of the whole process and this is the only company to do so currently (correct me if I’m wrong and link the project) Another thing about the competition: any company that wants to catch up with Chintai has to go through YEARS of regulation scrutiny before even be able to sign their first clients and earn a single penny, Chintai on another note has around 15 clients already and much more waiting to be finalized in 2024, the revenue previsions I heard for next year are quite insane and that makes sense when you know that the team is in talks with huge institutional players like JP Morgan Also, the supply is fully diluted ($60M FDV) and the reason is because they had to fully fair launch their token to comply with the regulation and get the licenses, let me repeat it once again, this gem is fully diluted I guess now you start to understand why $CHEX is my ultimate RWA pick, there’s literally no second best and with their product going public + staking incentives releasing soon I just can’t imagine it not running hard in the coming months To be clear, this is not a swing trade for me but one of the few bags I set aside to hold until the pico top of the bullrun craze