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Sunday, June 15, 2025
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Bergen County announces blockchain deed initiative; Tokenizes $240B in property on Balcony’s platform

Bergen County is turning to the Avalanche network and tokenizing its entire property record system on blockchain, according to Hoboken-based blockchain land record management firm Balcony.

Under a five-year agreement with Balcony, the largest populated county in the state will migrate 370,000 property deeds — representing about $240 billion worth of real estate — onto an immutable, searchable blockchain ledger powered by Avalanche.

“This is a turning point for real estate and public record systems,” Dan Silverman, CEO of Balcony said. “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Clerk’s Office to bring all property records on-chain, we’re demonstrating how secure, distributed systems can replace outdated infrastructure and deliver real-world value for both governments and the public.”

This partnership is part of Balcony’s broader push to modernize government real estate systems across New Jersey and beyond.

In addition to Bergen County, Balcony is working with municipalities including Camden, Orange, Morristown, Cliffside Park and Fort Lee. In Orange, the platform uncovered nearly $1 million in lost municipal revenue, previously hidden due to incomplete or outdated records.

“Property records form the foundation of trust between governments and the communities they serve,” Gregg Lester, president of Balcony said. “By bringing this critical infrastructure on-chain, we’re not only streamlining operations, but also safeguarding public trust, unlocking smarter data for better decision-making, and laying the groundwork for cities and counties across the country to embrace a more transparent, accessible, and future-ready approach to land record management.”

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