TechFlow, May 28 — According to CoinDesk, Bergen County in New Jersey has announced a five-year agreement with blockchain company Balcony to migrate 370,000 property deeds—valued at approximately $240 billion—to the Avalanche blockchain network, making it the largest real estate tokenization project in the United States. The system will serve nearly one million residents across 70 municipalities and is expected to reduce deed processing time by 90%, while also lowering fraud risks and record discrepancies. This initiative is part of the real-world asset (RWA) tokenization trend, which Boston Consulting Group and Ripple predict could grow into an $18.9 trillion market by 2033.
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