New Jersey County Leads with $240 Billion Blockchain Property Tokenization

Bergen County, New Jersey, has taken a groundbreaking step by tokenizing its $240 billion worth of property deeds, marking the largest blockchain-based deed project in US history. This deal was facilitated by Balcony, a blockchain firm specializing in land record management, partnering with the Bergen County Clerk’s Office. This initiative will tokenize 370,000 deeds on the Avalanche blockchain, providing increased transparency and security within the real estate market.