New Jersey County to Tokenize $240 Billion Property Deeds on Avalanche Blockchain

New Jersey County to Tokenize 240 Billion Property Deeds on Avalanche Blockchain.jpeg

Bergen County, New Jersey, is set to revolutionize real estate record management by tokenizing 370,000 property deeds, valued at an estimated $240 billion, on the Avalanche blockchain. This five-year agreement with Balcony, a real estate infrastructure firm, marks the largest blockchain-based deed tokenization project in U.S. history, aiming to enhance efficiency, security, and accessibility for nearly one million residents across 70 municipalities.

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