Bergen County, NJ to Digitize 370,000 Property Deeds Worth $240 Billion on Avalanche Blockchain in Five-Year Deal

Bergen County, New Jersey, has announced a five-year agreement with blockchain software firm Balcony to digitize all 370,000 of its property deeds on the Avalanche blockchain network. The initiative covers approximately $240 billion worth of real estate assets, though some reports cite figures as high as $290 billion.

This project, described as the largest blockchain deed initiative in U.S. history, involves the migration of property records to an immutable and searchable ledger powered by Avalanche and built with AvaCloud. The effort is backed by Blizzard Fund, which has supported Balcony from the start, and involves collaboration with the Bergen County Clerk and multiple New Jersey municipalities.

The project follows similar digitization efforts, such as California's move to digitize car titles on the Avalanche blockchain, and is seen as part of a broader trend to bring real GDP on chain.

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