Historic $240B blockchain deed project launches in New Jersey

by Richelle Hammiel

The county has signed a five-year partnership with real estate infrastructure firm Balcony to digitize and tokenize its entire real estate deed system on the Avalanche blockchain. This initiative will migrate over 370,000 property records, approximately $240 billion in real estate, on-chain, marking what Avalanche describes as the largest blockchain deed tokenization project in U.S. history. 

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