
Michael Starr
1.5K posts

Michael Starr
@starrjutsu
https://t.co/vkm7G8Qj7F ($CHEX) is MAS CMS & RMO licensed to issue & trade reg. compliant RWAs--private credit, real estate, equities, bonds, hedge funds--everything.









RWA vaults aren't just yield products. They're collateral transformation engines. Take Franklin's BENJI sitting in wallets earning 4%. In a @SplyceFi Vault, that same token becomes: → Borrowable collateral → Tradeable receipt tokens → Composable DeFi primitive We're not just moving yield on-chain. We're unlocking trapped liquidity. That's not just TVL. That's potential energy waiting to be released.











I spent 40+ hours building a forensic case on $CHEX — Chintai's RWA tokenization infrastructure token. What I found is the single largest valuation disconnect I've ever seen in crypto. Not because of hype. Because of math. Chintai sits at ~$40M market cap with $723.5M in verified, MAS-regulated TVL. That's a ~0.055x TVL multiple. The leading RWA token — ONDO — trades at ~0.5x its $2.5B TVL with a $1.3B market cap. Different business models, but a striking 30x+ valuation gap between two regulated RWA protocols in the same sector. This thread walks through the data, the risks, and the catalysts — with sources you can verify yourself. No hopium. No price targets. Just analysis.













