Bergen County Partners with Balcony For $240B Property Tokenization Project on Avalanche

Bergen County, New Jersey has signed a five-year agreement with Balcony to digitize 370,000 property deeds worth approximately $240 billion in real estate value. The initiative claims to represent the largest blockchain-based land registry tokenization project in the United States. The partnership will transform property records into tamper-proof digital assets on the Avalanche blockchain, cutting deed processing time by over 90% while reducing fraud risk and administrative errors. Bergen County officials expect the system to provide a fully searchable chain of title across all 70 municipalities within the county.

“By working with the Bergen County Clerk’s Office to bring all property records on-chain, we’re demonstrating how secure, distributed systems can replace outdated infrastructure and deliver real-world value for both governments and the public,” said Dan Silverman, CEO of Balcony. The Bergen County project reflects broader adoption of tokenization technology for public sector applications. Where previous initiatives were primarily labeled as blockchain projects, current efforts are increasingly described as tokenization projects, emphasizing the creation of digital assets rather than just the use of distributed ledger technology.

Medici Land Governance remains among the most recognized players in this space, having partnered with the the City of Baltimore and the Rwandan government for blockchain-based land transfers and expanded operations to countries including Mexico and Liberia. Other notable projects include Israel’s tokenized real estate exchange development and the Inter-American Development Bank’s blockchain property registry work with ChromaWay.

Balcony says its platform has already uncovered nearly $1 million in lost municipal revenue in Orange, New Jersey, demonstrating how digitized records can reveal previously hidden discrepancies in government databases. The company is simultaneously working with multiple New Jersey municipalities including Camden, Morristown, Cliffside Park, and Fort Lee. With Bergen County’s adoption, Balcony will manage over 460,000 properties representing $290 billion in real estate value across New Jersey.