Real estate tokenization is taking a massive leap forward in the U.S. as Bergen County, New Jersey, partners with blockchain firm Balcony to digitize over 370,000 property records on the Avalanche blockchain. The total value of the real estate involved exceeds $240 billion, making it the largest blockchain-based RWA initiative in the country.
Bergen County Taps Avalanche Real Estate Blockchain for RWA
This project isn’t just about speed and efficiency — it’s about making property ownership more transparent and accessible. According to County Clerk John Hogan:
“We’re not doing this to chase trends. We’re doing this to simplify the lives of our residents — no lines, no red tape.”
This public-sector embrace of real estate tokenization aligns with a global trend. A joint BCG and Ripple report projects that the RWA market will reach $18.9 trillion by 2033.
Balcony’s Blockchain Platform Drives Real-World Asset Tokenization
Balcony has already proven its capabilities in cities like Orange, NJ — discovering nearly $1 million in missing revenue and accelerating deed processing by up to 90%. Their platform puts government data on-chain, enabling:
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Faster municipal audits
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Lower administrative costs
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Better fraud detection
This large-scale deployment in Bergen County is a landmark for real estate tokenization in the public sector.
Why Avalanche?
The Avalanche blockchain offers fast finality, high throughput, and subnet architecture — ideal for public records and real-world asset tokenization. Its ability to handle large data volumes securely has made it a go-to infrastructure for both DeFi and government applications.
