Bergen County Embraces Blockchain Revolution: $240 Billion Property Deeds Tokenized in Major Initiative

In a groundbreaking move, Bergen County in New Jersey has partnered with Balcony, a blockchain firm, to tokenize over 370,000 property deeds valued at approximately $240 billion. This initiative represents the largest real estate tokenization project in the United States, encompassing 70 municipalities and impacting over one million residents. The project aims to streamline property transactions, minimize fraud risk, boost tax revenue generation, and further accelerate the digital transformation of assets.