RealToken liquidates $140M portfolio after investor decline

RealToken, the blockchain platform that promised investors fractional ownership of US real estate through crypto tokens, is pulling the plug. Co-founder Jean-Marc Jacobson announced on July 2 that the company would voluntarily liquidate its entire portfolio after years of mounting operational failures, code violations, and investor complaints. The portfolio in question: approximately $140M worth of tokenized properties, the vast majority of them single-family homes in Detroit. Around 36,000 investors across the globe, including roughly 14,000 in France, are now left wondering how much, if anything, they’ll get back. How a tokenized real estate empire unraveled RealT’s Detroit portfolio, which comprised roughly 700 properties and represented 83% of the company’s total holdings, became a magnet for code violations, unpaid taxes, and blight fines from the City of Detroit. Properties sat vacant. Maintenance lagged. The city eventually took legal action. By April 2026, a Detroit court had appointed an independent fiduciary as part of a nuisance-abatement agreement to oversee the mess. Then the weekly rental distributions stopped. The investor fallout Jacobson’s July 2 announcement of vo...