CHEX Token Surges 20% After New Partnership With R3 Sustainability

CHEX Token (CHEX) has experienced a notable surge in value following the announcement of a strategic partnership with R3 Sustainability, a company focused on integrating sustainable practices into blockchain and technology solutions. The collaboration signals potential growth in both the blockchain and sustainability sectors.

For context, CHEX is the native utility of Chintai Nexus, a decentralized platform built on the EOS blockchain designed to facilitate the leasing of digital assets. The platform allows users to rent out their unused assets, helping to optimize resource usage while generating returns for asset holders.

CHEX Surges Over 20%

In a recent post on X, Chintai revealed a partnership with R3 Sustainability to launch a new sustainable, blockchain-based investment fund powered by CHEX. Following the announcement, CHEX saw a notable surge, climbing over 20% to trade at approximately $0.6650 at press time.

R3 Sustainability, Chintai to launch $795M Tokenized Infrastructure Fund, powered by $CHEX.https://t.co/ryhoWznskJ via @cointelegraph

— Chintai Nexus (@ChintaiNexus) February 4, 2025

Meanwhile, the token’s trading volume surged by over 100%, surpassing $22 million, according to CoinMarketCap. The increase in volume highlights the growing market interest in response to the partnership. It also signals strong investor confidence in the future of the CHEX-powered fund.

The Strategic Partnership

R3 Sustainability plans to utilize Chintai’s layer-1 (L1) blockchain to create a $795 million fund. According to the announcement, the fund will focus on tokenizing real-world assets (RWAs) for environmental, social, and governance (ESG) investments.

The initiative is part of the expanding RWA tokenization sector, which involves the creation of financial and tangible assets on the blockchain. By doing so, it enhances investor access and opens up new trading opportunities.

Notably, the fund will support four major sustainability initiatives. Specifically, it will back a $50 million energy-efficient housing program for remote workers, with plans for a $150 million expansion. Also, a $165 million fund will be dedicated to early-stage industrial projects.

Furthermore, $180 million will be allocated to a reverse osmosis desalination plant for an industrial complex in Texas. A $300 million program will convert wastewater solids from a chemical manufacturing plant into fertilizer for North America.

RWA Sector Surges as Tokenized Assets Hit Record Highs

The launch of the $795 million fund comes as the RWA sector is experiencing significant growth. Just a day earlier, on-chain RWAs, excluding stablecoins, hit a record high of $17.1 billion across 82,000 asset holders, as per RWA.xyz.

Notably, industry experts predict that the sector could expand dramatically, potentially reaching between $4 trillion and $30 trillion by 2030. This would represent a growth rate of over 50 times its current size.

Amid the rapid expansion, Josh Gordon, managing director at Chintai, emphasized the role of tokenization in making capital access “direct, efficient, and scalable.” He noted that the newly launched fund is designed to lower investment costs, opening up infrastructure financing opportunities to a broader range of participants.

Beyond ESG considerations, Gordon stated that the initiative aims to reshape capital flow in sectors traditionally controlled by high-cost investment banks. Similarly, Kyle Granowski, founder of R3 Sustainability, noted that sustainable utility infrastructure is becoming a key investment focus in the U.S., fueled by the increasing trend of onshoring manufacturing.