US EditionBergen County to Tokenize $240 Billion in Property on Balcony's Platform, Marking Largest Blockchain Deed Initiative in U.S.
- On May 28, 2025, Bergen County, New Jersey, entered into a five-year agreement with Balcony to convert nearly 370,000 land ownership documents—representing approximately $240 billion in property value—into a blockchain-based digital ledger.
- This initiative responds to outdated, vulnerable deed systems targeted by ransomware and fraud, aiming to modernize property records and reduce processing time dramatically.
- Balcony will use the Avalanche blockchain to create an immutable, searchable digital ledger covering all 70 municipalities and serving nearly one million residents in the county.
- Balcony CEO Dan Silverman stated blockchain cuts deed processing time by 90%, and Ava Labs' Luigi D'Onorio DeMeo highlighted it offers a tamper-proof source reducing fraud and delays.
- The project marks the largest U.S. Deed tokenization effort to improve transparency, secure records, and lay a foundation for future nationwide blockchain adoption in property management.
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Property Transactions for May 28, 2025
No address assigned, Joshua and Danyelle Maida purchased from Ronald Dandrea for $6,000, bare land, 4/25. No address assigned, Wild North Stays LLC purchased from A-Lign Properties LLC for $735,000, bare land, 3/25. No address assigned, Joseph Viele and Desiree Govze purchased from St. Louis County Land and Mineral Department for $9,522, bare land, 3/25. 1001 N. 59th Ave. W., Sharifa L. Matin purchased from Randy Cade and Lynn Wakefield for $225…
Bergen County to Tokenize $240 Billion in Property on Balcony's Platform, Marking Largest Blockchain Deed Initiative in U.S.
Powered by Avalanche, the five-year project lays the groundwork for nationwide rollout of on-chain property records BERGEN COUNTY, N.J., May 28, 2025 /PRNewswire/ -- Balcony, a leader in blockchain-based land record management, has signed a five-year agreement with the Bergen County Clerk's Office, New Jersey, to digitize and bring 370,000 property deeds on-chain—representing approximately $240 billion in real estate value. The initiative marks …
RWA, AVAX News: A New Jersey County to Tokenize $240B Property Records on Avalanche
Bergen County, New Jersey is turning to the Avalanche AVAX network to put its entire property record system on blockchain, claiming to be the largest property deed tokenization project in the U.S.Under a five-year agreement with land record blockchain firm Balcony, the well-to-do county across the Hudson River from New York city will migrate 370,000 property deeds — representing about $240 billion worth of real estate — onto an immutable, search…
Bergen County partners with Balcony for $240 billion property tokenization project - Ledger Insights - blockchain for enterprise
Bergen County, New Jersey has signed a five-year agreement with Balcony to digitize 370,000 property deeds worth approximately $240 billion in real estate value. The initiative claims to represent the largest blockchain-based land registry tokenization project in the United States. The partnership will transform property records into tamper-proof digital assets on the Avalanche blockchain, cutting deed processing time by […] The post Bergen Coun…
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