I’m pleased to announce that RealNOI is launching a $124 million tokenised real estate cash flow platform on Chintai, powered by $CHEX, beginning with two prime multifamily properties in Manhattan. This milestone marks another significant step toward bridging the gap between TradFi and DeFi, enabling compliant, institutional-grade deals to leverage the flexibility and efficiency of decentralised finance protocols like AAVE. This initial $124 million tranche is only the beginning. RealNOI plans to tokenise billions of dollars in assets over time, expanding beyond these flagship properties into a diverse portfolio of institutional-grade real estate. By tokenising monthly rental income streams, rather than property equity, we open the door to a new class of stable, yield-bearing digital assets. If these tokens are not classified as securities, they could seamlessly integrate with DeFi protocols, enabling collateralization, lending, and liquidity; creating new synergies between DeFi and traditional real estate. This innovation aligns with the growing demand for regulatory clarity, which we anticipate will accelerate under new SEC leadership. While progress has been slow under Gary Gensler, we remain optimistic that future developments will bring the clarity needed for TradFi to fully embrace blockchain innovation. This launch represents a pivotal first step in realising the transformative potential of real-world assets on-chain. As we continue to onboard more projects and asset classes, the scale of what’s possible only grows. We are only scratching the surface of the tokenisation era and Chintai, powered by $CHEX, is leading the way in institutional-grade tokenisation, shaping the future of on-chain finance.