Key Takeaways:
- Bergen County partners with Balcony to tokenize 370,000 property deeds on the Avalanche blockchain, marking the largest such project in U.S. history.
- Blockchain integration aims to cut deed processing times by 90% and reduce fraud and administrative errors.
- Balcony is expanding similar initiatives in other New Jersey counties and plans to scale beyond the state.
Blockchain land records firm Balcony has signed a five-year deal with Bergen County, New Jersey, to tokenize 370,000 property deeds using the Avalanche blockchain.
Announced on May 28, this project is being called the largest deed tokenization effort in U.S. history.
$240B in real estate is coming on-chain.@balconytech is working with Bergen County and multiple other NJ municipalities to digitize property records, and it’s powered by Avalanche.
— Avalanche🔺 (@avax) May 28, 2025
This is the largest blockchain deed initiative in U.S. history. pic.twitter.com/aeI0t5nffp
Bergen County, home to nearly one million people and generating $500 million annually in property taxes, aims to modernize its records across 70 municipalities.
The initiative is backed by Blizzard, a venture fund supporting Avalanche-based projects.
Balcony says the blockchain system will create a tamper-resistant, searchable chain of title, reducing deed processing times by over 90% and helping prevent fraud, disputes, and errors.
Huge thanks to @BlizzardFund for the continued vote of confidence 🙌
— Balcony (@balconytech) May 28, 2025
Backing us across multiple rounds with a shared vision to bring real-world real estate onchain — securely, compliantly, and scalably — on @avax.
The future of RWAs is here. Let’s build it together. 🔺🏠 https://t.co/piTSVikB0s
CEO Dan Silverman called the deal a breakthrough for public infrastructure, showcasing how decentralized systems can replace outdated, error-prone processes.
The company is also working with other New Jersey jurisdictions, including Camden, Orange, and Cliffside Park, where outdated records have cost municipalities significant revenue.
For example, Orange County lost nearly $1 million due to record inaccuracies.
Including Bergen County, about 460,000 property deeds in the state have now been digitized through Balcony’s platform.
The company also signaled intentions to expand nationwide, aiming to modernize land records on a broader scale.
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