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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.
$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. This is the largest blockchain deed initiative in U.S. history.
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.
“By digitizing property records, we are making the process simpler, faster, and more secure for homeowners, businesses, and future generations. Our plan is to use this forward-thinking approach to enhance transparency, reduce delays, and protect against hacks ensuring that Bergen County remains a leader in innovation and service to our community.”
Adding to the remarks, Ava Labs’ chief strategy officer, Luigi D’Onorio DeMeo said:
“Blockchain is continuing to solve complex, real-world problems. Balcony is positioned to become the trusted platform standard for this generational shift in real estate recordkeeping. The Avalanche blockchain offers the speed, reliability and flexibility needed to support a project of this scale. Its infrastructure is built to handle large amounts of data quickly and securely, which is exactly what’s needed to modernize how property records are managed and transform how public institutions operate.”
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.
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