Kraken's debut and aggressive push for RWA has attracted attention, with CHEX leading the charge
In the dynamic world of cryptocurrency, the utility token CHEX has been making waves. On June 18, 2025, CHEX was listed on Kraken, boosting its liquidity and global access, leading to a 12.5% price jump from $0.085 to $0.095 within hours. This surge continued, with the token reaching $0.2239 USD on the same day, marking a 75.8% price increase.
CHEX is the token of Chintai, a Singapore-based, MAS-regulated platform for institutional-grade Real-World Asset (RWA) tokenization. Founded in 2021, Chintai has been at the forefront of RWA tokenization, turning real-world assets like real estate, stocks, or commodities into digital tokens on a blockchain. This innovative approach has the potential to democratise asset ownership, enabling fractional ownership of assets like real estate, reducing barriers for retail investors.
Chintai's efforts in RWA tokenization have been bolstered by strategic partnerships. In 2025, Chintai collaborated with CHEX and partnered with various financial institutions and real estate firms for tokenizing real estate and securities. These partnerships have been publicly verified through official announcements and blockchain-based proof.
The RWA market has seen significant growth, with the market reaching $23 billion in 2025. This growth is potentially fuelling demand for CHEX. The growth in the RWA market can be attributed to U.S. regulatory clarity. In 2025, the SEC's May 29 guidance on staking and the pending GENIUS Act for stablecoin rules spurred RWA growth.
CHEX operates on an Ethereum-compatible blockchain and supports compliant trading via Chintai's white-label SDK. The token is used for fees, staking rewards, and governance purposes, such as voting on SDK updates. The deflationary model of CHEX burns tokens through fees, enhancing scarcity with 998.78 million tokens in circulation.
However, it's important to note that RWA adoption is still nascent, with scalability unproven, and competition from projects like Centrifuge, Securitize, and Propy intensifies. Macro factors could curb speculative interest in CHEX and the RWA market.
Chintai's platform has also gained institutional trust, with MAS regulation and Project Guardian bolstering this trust. Beyond Kraken, CHEX secured listings on BingX and LCX, expanding its reach across North America, Australia, and Europe. These listings have enhanced the liquidity and exposure of CHEX.
As of June 18, 2025, the market cap of CHEX is $223.6 million with a circulating supply of 998.8 million tokens. With its innovative approach to RWA tokenization, strategic partnerships, and regulatory clarity, CHEX is a token to watch in the rapidly evolving world of cryptocurrency.
Read also:
- MRI Scans in Epilepsy Diagnosis: Function and Revealed Findings
- Hematology specialist and anemia treatment: The role of a hematologist in managing anemia conditions
- Enhancing the framework or setup for efficient operation and growth
- Hydroelectric Power Generation Industry Forecasted to Expand to USD 413.3 Billion by 2034, Projected Growth Rate of 5.8% Compound Annual Growth Rate (CAGR)
