Bergen County, New Jersey is making blockchain history.
In a groundbreaking move, the Bergen County Clerk’s Office has signed a five-year deal with Balcony, a blockchain land record management firm, to tokenize $240 billion worth of property deeds on the Avalanche network.
Largest Deed Tokenization Project in the U.S.
The agreement covers 370,000 property deeds, making it the largest blockchain-based deed tokenization initiative in U.S. history. Bergen County is the most populous county in New Jersey with nearly 1 million residents and generates around $500 million annually in property tax revenue.
Balcony CEO Dan Silverman called the project a “turning point” in government records and real estate management. “We’re demonstrating how secure, distributed systems can replace outdated infrastructure and deliver real-world value for both governments and the public,” he said.
Blockchain Benefits: Speed, Security, and Cost Savings
By leveraging Avalanche, Balcony expects to:
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Cut deed processing times by over 90%
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Eliminate fraud and title disputes
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Create a tamper-proof, searchable chain of title
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Lower administrative costs and human error
This implementation aims to modernize deed processing across all 70 municipalities within Bergen County.
The deal is backed by Blizzard, an Avalanche-focused venture capital firm, further highlighting Avalanche’s growing role in real-world asset tokenization.
Balcony Eyes Expansion Across New Jersey
This project is just the beginning. Balcony has revealed plans to work with additional counties in New Jersey, including Camden, Orange, and Cliffside Park. It noted that Orange County alone lost nearly $1 million in municipal revenue due to incomplete and outdated records under the current system.
With the Bergen project, the total number of tokenized deeds in New Jersey now stands at approximately 460,000 — a clear sign that blockchain adoption is gaining ground in U.S. public infrastructure.
Real Estate Meets Web3
This initiative signals a growing trend where blockchain tech meets real estate, offering benefits like immutability, faster settlements, and lower transaction costs. As more counties and states begin to adopt similar strategies, blockchain could redefine how property records are stored, accessed, and managed.
Balcony also stated it has plans to expand outside of New Jersey, positioning itself as a key player in the global movement toward tokenized real-world assets (RWAs).
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