Chintai RWA Client Pipeline Preview

Chintai’s CEO announced dozens of institutional clients have on-boarded Chintai’s Real World Asset (#RWA) issuance pipeline, focusing on renewable energy, real estate, carbon credits, funds and bonds. The pace of signed agreements is accelerating:

I literally can’t keep pace with the number of new RWA clients we’re signing up. Woke up to a new one 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.

This isn’t surprising since Chintai Network is built to satisfy a diverse set of real-world institutional client requirements with an emphasis on regulatory compliance. The result is a comprehensive and compliant platform for one-stop RWA issuance, trading and custodianship, flexibly designed to tokenize any asset class.

It’s certainly a challenge pinning down Chintai’s current roster of clients. Few have issued a press release. Understandably, client information is kept private for several reasons. Clients often do not wish to publicize what they are planning/building. Also, Chintai likely wants to avoid exposing clients to poachers. All of this leads to confidentiality and non-disclosure agreements.

Nevertheless, there are several ways to sleuth. Besides official press releases, there have been public announcements by Chintai officers on Telegram and X/Twitter, conferences and in-person “Lunch and Learn” VIP events held by Chintai over the past few years in Singapore and Hong Kong. Attendees have provided photos, tweets and brochures from these events. Chintai founders have participated in several public live-streams recorded and published on X/Twitter Spaces and YouTube.

Pipeline Sneak Peek

Based on available public sources noted above, here is a partial glimpse into the Chintai client pipeline:

1. DNZ Venture Global — Announced their tokenized carbon credit and green real-estate pilots in November, 2023, issuing in March, 2024 through Chintai in Singapore, showing their new DNZ portal with its dynamic RWA issuance and trading using Chintai’s white label services extensively, with pilot issuance valued between $10M and $50M
2. Bricklet (Real-Estate)
3. Greenium/X (Carbon Credits)
4. BTC Space (Commercial Real-Estate in Phuket)
5. Botanica Luxury Villas (Residential Real-Estate in Phuket)
6. CAC-H2 Pte Ltd (Sustainable Hydrogen)
7. Raffles Family Office (Securities/Funds)
8. SDAX is a confirmed white-label client:

1. Unnamed NDA with a $90B stealth entity in UAE issuing oil bond valued between $150M and $350M
2. Potential agreement in 2024 with Meld Energy (Hydrogen)
3. Potential agreement in 2024 with GX Labs (Biofuel for aviation industry)
4. Multiple additional signed agreements with undisclosed clients, including fund management companies using private Automated Market Makers (AMM) in Chintai’s regulated exchange for LP of wealth funds with on-chain fund record keeping

Pipeline Projection

Beginning in Q2, 2024, Chintai’s CEO anticipates a continuous stream of new client issuance resulting in RWA on the platform in excess of $100M. For 2024 as a whole, the expectation is to exceed $2B in assets on platform. Based on its present pipeline fully issuing, Chintai anticipates being the first RWA tokenization platform managing low-to-mid-billions on platform.

Chintai’s blockchain-as-a-service (BaaS) architecture emphasizes reusability, flexibility and white label services to deliver strong economies of scale as demand for #RWA continues to rise; the platform is designed to handle heavy growth while maintaining reasonable operating costs.

The projection is based on a very similar curve provided by Chintai in a presentation from 2023. The author has updated the projection slightly based on additional information provided after their presentation, assuming nine clients issuing twice during 2024, with exponential issuance growth in outer years; operating costs are based primarily on funding raised from seed and second investment rounds.

RWA Marketplace Projection

Chintai’s business model is influenced by MAS regulations to legally service the entire projected $28.7tr RWA market by 2030, Ernst & Young-Parthenon, Sept. 2023: