ποΈ New Jersey Tokenizes $200B+ in Real Estate on Avalanche
**Bergen County, New Jersey is tokenizing over 370,000 properties worth $240B+ on Avalanche's blockchain infrastructure.**
The initiative, built through AvaCloud, will:
- Reduce deed settlement time from 90 days to just 1 day
- Create tamper-proof, searchable, and fraud-resistant property records
- Expand across multiple NJ counties including Camden, Orange, Morristown, and Fort Lee
**Real-world impact:** In Orange County alone, the Balcony platform uncovered nearly $1M in lost tax revenue.
This deployment represents 460,000+ properties moving on-chain, marking a shift from pilot programs to actual government infrastructure implementation.