Real Token, co-founded by Remy and Jean-Marc Jacobson in 2019 with the aim of revolutionizing real estate, announced in July that it would liquidate its $140 million portfolio. The company had acquired over 700 U.S. properties through limited liability companies.

Real Token then sold shares, or tokens, in these companies exclusively to foreign investors, utilizing cryptocurrency and blockchain technology. This innovative approach attracted thousands of global investors eager to participate in the real estate market through digital assets.

However, the venture has now encountered significant difficulties. Thousands of these investors find their funds trapped in the tokens, with limited options for recovery. The collapse of Real Token highlights the risks associated with novel investment models that blend traditional assets with emerging technologies like cryptocurrency and blockchain, leaving many investors in a precarious financial situation.