Chintai: Frequently Asked Questions
Who is Chintai?
Over the past five years @ChintaiNetwork has obtained multiple financial licenses to issue Real World Assets (#RWA) in primary markets and subsequently trade RWA to retail, expert, accredited and institutional investors in secondary markets — all under full regulatory compliance — building a comprehensive RWA blockchain platform designed to achieve two primary goals:
- Modernize traditional financial markets (#TradFI) for asset managers, banks and other financial institutions, bringing RWA to market faster and more economically than any other approach
- Democratize and ultimately decentralize (DeFi) RWA investor access to traditionally private, illiquid investments, bringing all assets to investor fingertips, trading every asset class including crypto, investing in pre-IPO securities, with staking rewards, AMM liquidity yield, air drops, crypto bridges to multiple blockchain communities, and fiat ramps to multiple banking institutions
At its core, Chintai’s platform is a one-stop licensed, regulated, compliant, permissioned L1 blockchain for RWA tokenization, issuance and trading. ANY asset class can be tokenized and subsequently traded, including equities, bonds, real-estate and carbon credits, just to name a few (think: Coinbase). Institutional partners can optionally stand-up their own branded websites for dynamic customer on-boarding, issuance and trading using Chintai’s extensive white label services (think: Shopify).
In the TradFi space, Chintai has established a regulated financial institution with efficient security token issuance and trading platform for any issuer, any security, any asset class, including full lifecycle white label service and AMM trading for institutional, expert and accredited investors.
In the DeFi space, Chintai has established a regulated financial institution with next-generation Initial Coin Offering (ICO v2) RWA issuance and trading for any issuer, any non-security asset class, including full lifecycle white label service and AMM trading for institutional, expert, accredited and retail investors (currently excludes retail US citizens).
What Makes Chintai Unique?
Successful RWA platforms must be properly licensed and maintain ongoing regulatory compliance throughout the technology stack and business operation. Chintai holds multiple licenses to handle RWA in three jurisdictions. Legally acting as its own financial institution, Chintai obtained two licenses from the Monetary Authority of Singapore (MAS) in 2022 for issuance (CMS) and trading (RMO) of tokenized assets including securities. A third MAS custodial extension to the CMS license is pending. United States broker-dealer ATS licensure is now in place through RWA white label tokenization partnerships with Baird Augustine and Allo.xyz. An existing license to operate in British Virgin Islands (BVI) is being replaced by a newly-established VASP license, awaiting final approval.
Chintai chose Singapore licensure for its consistent top-5 financial services hub rating. Global Economy scored Singapore as the highest-quality regulator in 2021. Chintai is an innovative Web3 financial institution legally servicing the entire $28.7 trillion RWA marketplace by 2030, as projected by Ernst & Young-Parthenon:
Driven by years of institutional client requirements, Chintai designed a dual Coinbase + Shopify regulated RWA business model that makes Chintai itself the primary licensed financial institution, employing vertical integration to streamline business processes and significantly reduce issuance cost by up to 70%, increasing competitive advantage by bringing RWA to market faster than any other platform.
Critical infrastructure is provided, including robust KYC/AML and automated compliance powered by Sentinel AI technology, end-to-end white labeling for client-branded RWA issuance and trading, dynamic token issuance and high-performance secondary trading with innovative Automated Market Makers (AMM). Sentinel is core monitoring infrastructure that ensures all transactions remain compliant using a sophisticated, client-customizable rules engine. Sentinel can be leveraged by external L1/L2 exchanges for compliant transactions, avoiding costly regulator approval and lengthy internal compliance engine development.
Chintai checks all the boxes!
What is CHEX?
CHintai EXchange token (CHEX) is Chintai’s blockchain utility token that powers all transactions. Everything runs on-chain and CHEX is a required resource needed to perform all activities including RWA issuance, trading and account maintenance. CHEX holders can stake for real yield from fees collected by Chintai during RWA issuance, ongoing trading and account maintenance, with targeted support in Q3, 2024.
Equally critical, CHEX is the gateway token for liquidity between decentralized (DeFi) and traditional financial (TradFi) systems. CHEX is a multi-chain token that attracts liquidity and investors from several blockchain communities including ETH, SOL, Base, BSC and EOS, exposing investors to an ever-growing secondary market of RWA tokens to trade in their portfolios.
Market Cap: $92 million as of 31-August-2024
All-Time High: $0.43 on 11-April-2024
Fair Launch: Public Dutch auction from 8-April-2019 to 4-December-2019, average price ~$0.001
Max Supply: 998.8 million fully distributed, no locks and no vested tokens
Deflationary: 5% of earned fees are used for CHEX token buyback and burn
Yield: 10% of earned issuance, trading and account maintenance fees go towards real yield for stakers in CHEX single-sided and CHEX/USD AMM pools
Airdrops: RWA issuers have the option to airdrop tokens with a likely lockup period to CHEX stakers
CHEX buybacks: Chintai periodically purchases CHEX from public markets to increase its treasury for anticipated network growth; the first 10M+ CHEX buyback took place on 16-May-2024
Market Making: Chintai’s CEO announced on 20-June-2024 that Acheron Trading was chosen as the primary market maker for CHEX across multiple exchanges and blockchains, and to assist obtaining top-tier exchange listings
CHEX Community Website: A community-maintained website for everything you’d ever want to know about the CHEX token and its supreme RWA utility:
CHEX Community YouTube Channel: An unofficial community channel dedicated to the CHEX token and the Chintai Network Real World Assets (RWA) blockchain it powers:
What is Chintai Nexus?
Chintai Nexus is Chintai’s RWA tokenization, issuance and trading application suite used by:
- Financial institutions to tokenize and issue RWA, also allowing retail, accredited and expert investors to invest in and trade RWA
- Retail, accredited, expert and institutional investors to invest in and trade RWA, democratizing investor access to RWA
- Chintai partners and clients utilizing extensive Chintai white label services to onboard customers, issue and trade RWA using their own branded platforms
Nexus also fulfills the longstanding need for a gateway between decentralized (DeFi) and traditional finance (TradFi), ramping fiat to/from banking institutions, and bridging crypto liquidity across several blockchains including ETH, Base, SOL, BSC and EOS.
Nexus represents Chintai’s commitment to democratize investor access to traditionally private, illiquid investments, expanding RWA access to retail investors more than ever before. Accredited, expert, institutional and retail investors can evaluate and trade RWA to diversify their investment portfolios. Liquidity providers can stake CHEX and USD in AMM liquidity pools for yield; CHEX can also be staked in a resource leasing market for yield.
As reported in The Tokenizer, a phased launch of Chintai Nexus began on January 31st, 2024. CHEX and AMM staking features in Nexus are also targeted to appear in Q3, 2024, a milestone when the entire Chintai RWA tokenization/trading platform will be fully engaged in its mission to transform traditional capital markets.
Ultimately, account holders will make Nexus their primary, permanent investment platform, investing and trading multiple RWA asset classes including crypto, with access to pre-IPO security tokens like SpaceX and OpenAI, bridging CHEX between multiple blockchains and ramping fiat to several banking institutions — long term investors managing their assets through bull and bear markets.
What is Chintai Nexus CHEX Bridge?
The Chintai Nexus CHEX Bridge transfers CHEX liquidity across several blockchains including ETH, Base, SOL, BSC and EOS. CHEX holders can burn a specified number of CHEX tokens in their source-blockchain account and mint the same number of CHEX tokens in their destination blockchain account. CHEX can be bridged in either direction, from any supported blockchain to another.
On 29-Feb-2024 bridging CHEX between EOS and ETH was introduced in Chintai Nexus CHEX Bridge. Additional support for SOL was added on March 13th, 2024. BSC support was added on May 14th, 2024. Base support was added on 11-June-2024. Bridging CHEX to the Chintai Network blockchain was released on 30-June-2024:
What Is Chintai’s Company History?
Chintai Network Services Pte. Limited was registered in Singapore on 27-August-2020, Singapore Accounting and Corporate Regulatory Authority (ACRA), registration number 202025909R
$7.5M seed round in July, 2021
$2.5M second round in November, 2023
Between 2020 and 2024, Chintai acquired several licenses and developed a comprehensive one-stop RWA platform built entirely on-chain with CHEX utility tokens powering all transactions, nearly four years of development to support white-labeled RWA issuance across any asset class, with an AMM exchange to trade RWA, and automated geofenced regulatory compliance monitoring using Sentinel AI technology.
Does Chintai Operate A Blockchain?
Yes. Chintai’s platform runs on its own permissioned L1 blockchain for RWA tokenization, issuance and trading. To remain compliant with Monetary Authority of Singapore (MAS) regulations, Chintai operates two nearly identical, ring-fenced tokenization/trading application stacks within separate silos in Singapore and British Virgin Islands (BVI), partitioned using a walled garden architecture. Both operate within the same network and on the same blockchain with only minor permission configuration and UI differences.
Chintai Singapore: Supports institutional, expert and accredited investors for regulated security RWA tokenization, issuance and trading. Regulated by MAS in Singapore and by ATS licensing in the U.S.
Chintai Nexus: Supports institutional, expert, accredited and retail investors for non-security RWA tokenization, issuance and trading. Regulated by British Virgin Islands Financial Services Commission. Chintai Nexus also hosts CHEX market features that provide yield to CHEX liquidity providers.
What About Jurisdictional Licensing?
Chintai continues to expand their jurisdictional licensure for RWA tokenization and trading.
Capital Markets Services (23 August, 2022) MAS license to issue RWA in all asset classes, including securities, granted by Monetary Authority of Singapore
Recognized Capital Market Operator (25 October, 2022) MAS license to trade regulated RWA, including securities, granted by Monetary Authority of Singapore
Chintai has applied for a third MAS custodial service license, pending final approval
United States broker-dealer ATS licensure is in place through RWA tokenization partnerships with Allo.xyz and Baird Augustine
Transition to the newly-established VASP license in British Virgin Islands awaits final processing, used for the issuance of certain carbon credits and other assets not considered a security
Chintai is seeking additional licenses to operate in other jurisdictions including Hong Kong, UK and in the Middle East
Who Can Issue RWA?
With top-tier MAS and ATS licensing in place, Chintai is filling a diverse RWA issuance pipeline with global reach, allowing firms located around the world to issue and trade RWA using Chintai’s Nexus platform, including multiple financial institutions in APAC and the United States. Firms actually prefer to issue through Singapore’s financial hub instead of contending with SEC oversight:
The MAS licenses enable Chintai to be the primary financial institution, fully sanctioned by MAS to issue securities on behalf of Chintai’s clients. Firms around the globe can tokenize securities through Chintai Singapore and non-securities through Chintai Nexus in BVI. The Allo.xyz partnership enables Chintai to tokenize and trade securities in the United States to accredited investors.
Chintai also has an agreement with Ernst & Young to globally market Chintai’s platform, including clients representing over 60% of the Fortune 500. Chintai has also collaborated with Vanguard, Blackrock and other Wall Street firms regarding future RWA tokenization deal flow:
Who Can Own And Trade RWA?
Who has access to own (self-custody of tokens on-chain) and trade RWA on Chintai Nexus? Access is based on the type of investor account and what type of RWA is involved in a given transaction, specifically, whether the asset is classified as a security or non-security.
RWA Security Tokens (Equities, Funds, Real Estate) are accessible to investors who’ve established an institutional, expert or accredited account. Retail investors are not allowed to access RWA classified as a security. Currently, accredited investors in the USA are excluded, but recent statements from a Chintai Admin (Ev, 25-Mar-2024) indicate US accredited investors may soon gain access:
RWA Non-Security Tokens (Carbon Credits) are accessible to investors who’ve established an institutional, expert, accredited or retail account that has passed KYC/AML. Due to excessive regulatory risk retail investors in the USA (only) are currently prevented from investing in non-security RWA; retail users in other jurisdictions can trade non-security RWA.
Has RWA Been Issued?
The Biochar carbon credit from GXLabs (Greenium/X) became the first issuance from Chintai’s RWA pipeline on 26-Mar-2024, issuing 70,000 CHAR tokens priced at $55 per token, $3.85 million market cap, each Biochar token ensuring sequestration of 1 metric ton in greenhouse gas:
The Biochar carbon credit pilot issuance was 100% filled within days, mostly by Swiss Re Group, and fully sold 10 days after issuance.
On 28-July-2024 Net Zero-X announced their first security token issuance, WDER, a $6.5 million raise with each token representing stake in a state-of-the-art waste management and energy recovery facility in the United Kingdom, issued on the Net Zero Exchange using Chintai’s comprehensive white labeled, MAS-regulated RWA issuance and trading blockchain, powered by CHEX.
What’s In The RWA Client Pipeline?
David Packham, Chintai CEO, announced dozens of institutional clients have joined Chintai’s pipeline for RWA issuance and trading, focusing on renewable energy, real estate, carbon credits, funds and bonds, with the pace of new agreements accelerating:
I literally can’t keep pace with the number of new RWA clients we’re signing up. Woke up to a new one [client] in Asia, first question was “great.. who are they?” . . . The pace is accelerating, and our licenses seem to consistently be a key factor in why.
On May 16th, 2024, Chintai’s CEO noted:
The next few months are exciting for us as we launch [CHEX] staking, announce significant client issuances, and unveil major partnerships.
Chintai estimates $150 to $300 million in Total Assets Issued (TVI) on-chain by the end of Q4, 2024, and $2 billion TVI by the end of Q1, 2025. A recent AMA event confirmed 70% of Chintai’s rapidly growing client pipeline remain under NDAs, with 30% already publicly confirmed:
- Allo.xyz (White-labeled)
- Athena Art Finance (Fine Art, White-labeled)
- Baird Augustine (Stocks/Funds, White-labeled)
- Bricklet (Real-Estate)
- CAC-H2 Pte Ltd (Sustainable Hydrogen)
- DNZ Venture Global (Real-Estate, Carbon Credits, White-labeled)
- Greenium/X (Carbon Credits, White-labeled)
- Kabinburi Industrial Zone (Net-Zero Industrial Zone)
- King Capital (Real Estate)
- Net Zero-X (Renewable Energy White-labeled Exchange)
- Premier Art Acquisitions (Fine Art)
- Raffles Family Office (Securities/Funds)
- Revo Digital Family Office (Securities/Funds)
- SDAX (Securities/Funds, White-labeled)
- Variable Capital Company (Funds)
There are approximately three dozen undisclosed clients with signed NDAs in place, including:
- Unnamed $90B stealth entity in UAE issuing a pilot oil bond valued between $150M and $350M, with recurring issuances
- Unnamed client issuing collectable whiskey
- Unnamed fund management company using private Automated Market Makers (AMM) in Chintai’s regulated exchange for wealth fund liquidity provision, including on-chain fund record keeping
With a large and growing client pipeline, Chintai anticipates being the first RWA tokenization platform managing low-to-mid-billions on-platform
How Much Institutional Collaboration?
Chintai has collaborated with some of the world’s largest financial institutions for the past five years. To be clear, collaborate means public confirmation that discussions have been held; partner means public confirmation that an agreement has been reached to work together; client means an RWA tokenization agreement is in place with a position in the issuance pipeline.
Chintai recently disclosed RWA white labeling partnerships with Baird Augustine and Allo.xyz to leverage Broker-Dealer ATS licensure for tokenizing and trading RWA in the United States. Chintai also recently mentioned its partnerships with Ernst & Young, DBS and Passion Venture Capital. David Packham also announced a partnership with Coinbase to distribute RWA issued by Chintai to Coinbase accredited and institutional customers on Base, also confirmed a joint marketing partnership with Ernst & Young for ongoing joint VIP sessions.
Chintai’s Chief Growth Officer confirmed early stage RWA collaboration with J.P. Morgan. David Packham confirmed RWA collaboration with Blackrock, Vanguard, SS&C and Northern Trust during a recent Benzinga interview, as discussed beginning at time point 1:23:07. David Packham also discussed Blackrock collaboration during the Benzinga interview at time point 1:08:50. Chintai has also collaborated with Goldman Sachs, Standard Chartered, Interactive Brokers, GAM Investments, Hywin Financial Holding Group and The Ascent Group. There has been other collaboration with several sovereign funds, exchanges, private banks and asset managers, including LGT Private Banking, UBP — Union Bancaire Privée, Azimut Group, Temasek and Northern Trust, plus a recent event with Schroders, HSBC and PhillipCapital
Chintai also collaborates with public blockchains to expand its RWA distribution network, increase CHEX liquidity, attract retail investors and provide external compliance services. There are ongoing discussions with Solana Foundation, as David Packham recently stated:
. . . we have several clients that are each looking to do billion dollar plus issuance within the next year. . . . our goal has always been to make RWA available on public chains . . . the problem with making RWA’s available on a public chain however is finding ways to enforce compliance controls, but today I can share that we may have finally found our solution. Last week our team had a very promising call with representatives from the Solana Foundation (big thanks to @Austin_Federa for arranging it). We discussed ways we can collaborate and bring RWA’s onto Solana by taking advantage of Solana’s new token extensions . . . with the goal of making Solana a key global hub for RWA’s.
When Does Chintai Nexus Open For Retail?
A phased launch of Chintai Nexus began on January, 31st 2024. By the end of Q3, 2024 the entire RWA tokenization and trading platform will be fully engaged in its mission to transform traditional capital markets, including:
- Everyone can join Nexus with account sign-ups for retail, accredited, expert and institutional investors
- Institutional clients issuing RWA
- RWA exchange trading
- CHEX staking features for real yield in a liquid market (KYC is not required to stake CHEX in the single-sided liquidity pool)
- CHEX bridging between ETH, Base, SOL, BSC, EOS and Chintai’s blockchain
When CHEX Multi-Chain Bridging?
The Chintai Nexus Multi-Chain Bridge is built using Fireblocks technology and transfers CHEX between ETH, Base, SOL, BSC and EOS blockchains; the bridge went live on 29-Feb-2024 between EOS and ETH; the bridge added Solana support on March 13th, and Binance Smart Chain support was added on May 14th, 2024. Base support added on 11-June-2024. Chintai Network blockchain unidirectional supported added on 30-June-2024; bi-directional support to be added in Q3, 2024.
BEWARE of scams and ensure you are using the correct bridge link:
https://bridge.chintainexus.com/chex-bridge
When Chintai Nexus Staking For Yeild?
CHEX staking released on 30-June-2024. CHEX/USD AMM staking pools expected in Q3, 2024
Are Synthetic Assets Supported?
Currently, there is no support for issuing or trading derivatives
Support Amongst Financial Influencers and KOLs?
Raoul Pal, CEO of Real Vision, signaled his support on YouTube for Chintai’s CHEX token in a 48-minute Real Vision episode with Chintai CEO David Packham
Ansem, a major Solana KOL, signaled his support on X for Chintai’s CHEX token with two simple words: “study chex”
Where Are The Chintai Links?
Chintai Corporate Website
Chintai Nexus Website
CHEX White Paper
Chintai Exchange AMM White Paper
@ChintaiNetwork X
@ChintaiNexus X
Chintai Telegram
Chintai Nexus Telegram
Chintai LinkedIn
Chintai YouTube
CHEXToken.com (Unofficial/Community)
CHEX Staking Guidance Video (Unofficial/Community)
Nexus YubiKey Two-Factor Authentication Video (Unofficial/Community)
Chintai CHEX Token Telegram (Unofficial Telegram Community)
Chintai AMM Reward Calculator (Unofficial Rewards Calculator)
What Are Real World Assets? (Unofficial/Community)
Tokenization: The Future of Digital Assets (Unofficial/Community)
Where Do I Purchase CHEX?
Centralized Exchanges:
Bitfinex (CHEX/USD)
BitMart (CHEX/BTC)
MEXC (CHEX/USDT)
Gate.io (CHEX/USDT)
Decentralized Exchanges:
Ethereum: Emphasized for its deep CHEX ERC20 token liquidity using contract 0x9Ce84F6A69986a83d92C324df10bC8E64771030f
Uniswap (CHEX/ETH)
CoWSwap (CHEX/WETH)
SushiSwap (CHEX/WETH)
Solana was bridged on 3-March-2024 to establish listings on Raydium, Orca and Jupiter using contract 6dKCoWjpj5MFU5gWDEFdpUUeBasBLK3wLEwhUzQPAa1e
Raydium (CHEX/SOL)
Market ID: D8JjVpFdXjFvHmsX7LyFy8iHXEqzhbQo576Rt8rZkyiq
Jupiter (CHEX/SOL)
Orca (CHEX/SOL)
Suggested Solana Wallet: Phantom
Base was bridged on 11-June-2024 with an Aerodrome listing using contract
0xc43f3ae305a92043bd9b62ebd2fe14f7547ee485
Aerodrome (CHEX/USDC)
Pancakeswap V3 (CHEX/WBNB)
Binance Contract: 0x9Ce84F6A69986a83d92C324df10bC8E64771030f
Newdex (CHEX/EOS)
Defibox (CHEX/EOS)
Regarding Newdex and Defibox, to purchase CHEX requires an EOS account. There are three main options to open an EOS account, each option grows in complexity; the third option is the most secure
OPTION 1: Wombat (Android/iOS) wallets only need an email address and mobile phone number. Generated RSA keys are not provided unless paid for (small amount) with a credit card. Download and register using an email address connected to your phone, then open the wallet and create an EOS account, choose a 12-character account name and the account will then be created. This is the easiest method to get up and running
OPTION 2: Anchor (Android/Win/Mac/Linux) requires a small payment using a credit card to create an account; keys can be managed using a Ledger or people can manage their own keys
OPTION 3: Use Ledger and the accountcreat smart contract (note the lack of an ‘e’ at the end of creat(e)). This option requires people to be comfortable managing their own keys. You can use Anchor to find your public key for Ledger. Lastly, send a small amount of EOS from an exchange to a smart contract with a memo containing your public key and your account name
Need Assistance Creating an EOS Account?
EOS Support is where you can get help and also interact with an actual real person to help you if you need it:
http://Eossupport.io
@EOSSupportAccCreationPowerupbot
More About Chintai
Thanks for your time and attention. Please considering leaving a comment. Your feedback is appreciated!
To learn more about Chintai please read these companion articles:
