Avalanche to power Bergen County’s $240B tokenized deed initiative

The Avalanche blockchain will power what is set to be the largest on-chain property records initiative following a major deal between blockchain-based land management platform Balcony and Bergen County.

In an announcement on May 28, 2025, Balcony said the five-year project will be the largest blockchain deed campaign in the United States.

The initiative, seeking to bring $240 billion in real estate value to the blockchain, is set to serve as the groundwork for a rollout across the country.

$240 billion and over 370,000 property titles on-chain

Bergen County Clerk's Office will use this initiative to digitize 370,000 property deeds, all powered by Avalanche.

With tokenization of real-world assets on the rise and major institutions and government agencies taking note, Bergen County is getting on board.

The tokenization of titles will cut across all 70 municipalities. Benefits include a reduction in deed processing time, risk of fraud, title disputes, and administrative errors. 

More than $240 billion in real estate value will come on-chain as a result of this huge project.

"This initiative is about improving the lives of our residents," said John Hogan, County Clerk of Bergen County.

Adding to the remarks, Ava Labs' chief strategy officer, Luigi D'Onorio DeMeo said:

The RWA market growth

According to RWA data tracking and analytics platform rwa.xyz, there’s approximately $22.9 billion worth of RWA value on-chain.

Major players in the ecosystem include BlackRock, Fidelity, Franklin Templeton, and Hamilton Lane. 

Blockchain platforms with massive value on-chain include Ethereum, ZKSync Era, Solana, Stella, and Aptos.

Per rwa.xyz, there’s currently about $177 million in RWA value on the Avalanche blockchain. 

The news that Avalanche will help power Bergen County’s tokenisation initiative led to a slight rise in the AVAX price, which reached highs of $23.75.

This guide on how to buy Avalanche will tell you more about these kinds of setups.