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Bergen County will digitize $240B in property deeds via Avalanche in a five-year partnership. New Jersey now has 460,000 tokenized property deeds, leading the nation in digital records. The blockchain system will reduce deed processing time by 90% and improve record accuracy. Bergen County will digitize $240B in property deeds via Avalanche in a five-year partnership. The blockchain system will reduce deed processing time by 90% and improve record accuracy. New Jersey’s tokenized property deeds now total nearly 460,000 across multiple counties. Bergen County is leading the way with the biggest real estate tokenization project in American history. The county plans to transfer $240 billion of property records to a blockchain system. By doing so, the government is implementing a new system for processing and utilizing public records. $240B in real estate is coming on-chain.@balconytech is working with Bergen County and multiple other NJ municipalities to digitize property records, and it’s powered by Avalanche. This is the largest blockchain deed initiative in U.S. history. pic.twitter.com/aeI0t5nffp — Avalanche🔺 (@avax) May 28, 2025 Blockchain-based land record management firm Balcony and the county have agreed to collaborate for the next five years. The agreement means that 370,000 titles will be turned into digital tokens powered by the Avalanche network.  Bergen County Goes Digital with Blockchain Deeds Bergen, located just across the Hudson River from New York City, is home to New Jersey’s largest population. Every year, it generates approximately $500 million in property taxes. With the new system, property records will be protected from alterations, searchable, and available in every one of the 70 municipalities. Balcony reports that their platform could decrease the time needed to process deeds by up to 90%. According to the county’s plan, the use of digital records is expected to help prevent fraud, resolve ownership issues, and reduce…

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Filed under: News - @ May 29, 2025 11:24 pm