Detroit Takes Legal Action Against RealToken Over 400 Blighted Properties in Landmark Real Estate Tokenization Case
Detroit drops the hammer—RealToken faces lawsuit for allegedly neglecting 400 derelict properties tied to its blockchain-based real estate platform.
Tokenized urban decay? The city claims RealToken's digital asset play left neighborhoods rotting while investors chased fractionalized deeds.
Legal reckoning meets DeFi: Municipal lawyers argue tokenization shouldn't bypass blight remediation laws. RealToken's smart contracts now face their toughest audit yet—in court.
Bonus jab: Nothing says 'disruptive fintech' like letting properties decay while you mint NFTs of the rubble.