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Expert Analysis

When Tokenized Real-World Assets Collide With Real World

By Biying Cheng and David Reiss ( February 17, 2026, 4:31 PM EST) -- The city of Detroit filed a public nuisance lawsuit in July of last year in the Michigan Circuit Court for the Third Judicial Circuit against Real Token, its co-founders and 165 affiliated entities, alleging building code and safety violations across over 400 Detroit residential properties.[1] RealT is a blockchain real estate platform that sells fractional interests in individual U.S. rental properties through the issuance of crypto security tokens....

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