Bergen County, New Jersey is tokenizing over 370,000 properties worth $240 billion on Avalanche's blockchain infrastructure.
The initiative, built through AvaCloud, reduces deed settlement times from 90 days to just 1 day while making records tamper-proof and fraud-resistant.
Key rollout details:
- Expanding across multiple NJ municipalities including Bergen, Camden, Orange, Morristown, and Fort Lee
- Total of 460,000+ properties moving on-chain
- In Orange, the system uncovered nearly $1M in lost tax revenue
This represents a shift from pilot programs to actual government infrastructure implementation, demonstrating blockchain's practical application in public records management.
Built by Balcony Tech and powered by Avalanche.
Tokenization is inevitable, $200b+ of real estate is getting tokenized on Avalanche in Bergen Country, New Jersey Built for what鈥檚 real.
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