The tokenized real estate platform RealToken announced on July 2 the voluntary liquidation of its portfolio of approximately 700 properties in Detroit, representing a value of $140 million. Some 36,000 investors worldwide, including 14,000 in France, are affected by this decision following years of operational failures, code violations, and unpaid tax bills. The company, which had promised investors fractional ownership of US real estate through crypto tokens, saw its internal governance fail, as confirmed by the appointment of an independent fiduciary by a Detroit court in April. Class-action lawsuits are being organized and criminal complaints are being considered in France.
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