No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, November 15, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

New Jersey county to tokenize $240B property deeds

by TheAdviserMagazine
6 months ago
in Cryptocurrency
Reading Time: 2 mins read
A A
New Jersey county to tokenize 0B property deeds
Share on FacebookShare on TwitterShare on LInkedIn


A New Jersey county is set to tokenize $240 billion worth of property deeds after signing a deal with the blockchain-backed land record management firm Balcony.

Balcony said on May 28 that it signed a five-year deal with the Bergen County Clerk’s Office to tokenize 370,000 deeds on the Avalanche blockchain, adding that this was “the largest blockchain-based deed tokenization project in US history.”

Bergen County is New Jersey’s most populous county and is located northwest of Manhattan in New York City across the Hudson River. Bergen County has nearly 1 million residents, producing around $500 million in annual property tax revenue.

$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. pic.twitter.com/aeI0t5nffp

— Avalanche🔺 (@avax) May 28, 2025

The deal was backed by Blizzard, an Avalanche-focused venture capital fund.

Balcony said the project will allow Bergen County to obtain a tamper-proof, searchable chain of title across all of its 70 municipalities.

Source: Balcony

Balcony expects the integration will cut deed processing times by over 90% while reducing the risk of fraud, title disputes and administrative errors. 

Balcony CEO Dan Silverman said the project was a “turning point” for government record systems and real estate.

“We’re demonstrating how secure, distributed systems can replace outdated infrastructure and deliver real-world value for both governments and the public.”

Balcony plans expansion in New Jersey and beyond

Balcony said it is working with several other counties in New Jersey — including Camden, Orange and Cliffside Park — to modernize their real estate management records.

Related: Crypto leaders are wrong about tokenized property

It said that Orange County lost nearly $1 million in municipal revenue due to incomplete and outdated records under the current management system, highlighting the need for a more effective solution.

The tokenization of 370,000 property deeds in Bergen County brings the total number of tokenized deeds in New Jersey to approximately 460,000.

Balcony said it intends to expand beyond New Jersey in the future.

Magazine: TradFi is building Ethereum L2s to tokenize trillions in RWAs: Inside story





Source link

Tags: 240BCountyDeedsJerseypropertyTokenize
ShareTweetShare
Previous Post

Nvidia shares rise as sales hit from China export curbs not as bad as feared

Next Post

Motley Fool Stock Advisor vs. Seeking Alpha Alpha Picks

Related Posts

edit post
How Did The Dogecoin Price React To Elon Musk’s Latest Dog Post?

How Did The Dogecoin Price React To Elon Musk’s Latest Dog Post?

by TheAdviserMagazine
November 15, 2025
0

The world’s richest man, Elon Musk, recently posted a picture of a Shiba Inu, Dogecoin’s mascot. However, the Dogecoin price...

edit post
Bitcoin Price Watch: Bottoming or Just Breathing? The Charts Weigh In

Bitcoin Price Watch: Bottoming or Just Breathing? The Charts Weigh In

by TheAdviserMagazine
November 15, 2025
0

Bitcoin sits at $95,692 as of Nov. 15, 2025, straddling the tightrope between bearish pressure and fragile optimism. With a...

edit post
Kiyosaki Says Cash Crunch Driving Crash, Stays Bullish on BTC, Gold

Kiyosaki Says Cash Crunch Driving Crash, Stays Bullish on BTC, Gold

by TheAdviserMagazine
November 15, 2025
0

Robert Kiyosaki, author of Rich Dad Poor Dad, has told his 2.8 million followers on X that he is not...

edit post
BlackRock’s IBIT offloads 3M in Bitcoin, largest outflow on record

BlackRock’s IBIT offloads $463M in Bitcoin, largest outflow on record

by TheAdviserMagazine
November 15, 2025
0

Key Takeaways BlackRock clients sold $463 million in Bitcoin in a single day, the highest outflow recorded. The outflow reflects...

edit post
Bitcoin ETF Meltdown: Over 0 Million Outflow Stuns Market As Bulls Push Back

Bitcoin ETF Meltdown: Over $860 Million Outflow Stuns Market As Bulls Push Back

by TheAdviserMagazine
November 14, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin faced renewed selling pressure this week...

edit post
These 3 Asian markets have switched on tokenized finance faster than the US

These 3 Asian markets have switched on tokenized finance faster than the US

by TheAdviserMagazine
November 14, 2025
0

Japan is advancing custody rules, Hong Kong is standardizing digitally native bond issuance, and Singapore has approved the first retail...

Next Post
edit post
Motley Fool Stock Advisor vs. Seeking Alpha Alpha Picks

Motley Fool Stock Advisor vs. Seeking Alpha Alpha Picks

edit post
China’s Debt-Trap Diplomacy | Armstrong Economics

China's Debt-Trap Diplomacy | Armstrong Economics

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
7 States That Are Quietly Taxing the Middle Class Into Extinction

7 States That Are Quietly Taxing the Middle Class Into Extinction

November 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
Data centers in Nvidia’s hometown stand empty awaiting power

Data centers in Nvidia’s hometown stand empty awaiting power

November 10, 2025
edit post
8 States Offering Special Cash Rebates for Residents Over 65

8 States Offering Special Cash Rebates for Residents Over 65

November 9, 2025
edit post
AI-electric appeal for underperforming infrastructure: ETF experts

AI-electric appeal for underperforming infrastructure: ETF experts

0
edit post
25 movies, many stars, 0 hits: Hollywood falls to new lows

25 movies, many stars, 0 hits: Hollywood falls to new lows

0
edit post
Minor Issues, Major Conversations: Mark Thornton’s Four-Interview Roundup

Minor Issues, Major Conversations: Mark Thornton’s Four-Interview Roundup

0
edit post
Coinbase Heads to Texas, Leaving Delaware’s Legal Risks Behind

Coinbase Heads to Texas, Leaving Delaware’s Legal Risks Behind

0
edit post
Can Your Smart Home Betray You? Security Experts Sound the Alarm

Can Your Smart Home Betray You? Security Experts Sound the Alarm

0
edit post
Despite AI bubble fears, Warren Buffett’s Berkshire Hathaway buys shares of hyperscaler Alphabet

Despite AI bubble fears, Warren Buffett’s Berkshire Hathaway buys shares of hyperscaler Alphabet

0
edit post
Can Your Smart Home Betray You? Security Experts Sound the Alarm

Can Your Smart Home Betray You? Security Experts Sound the Alarm

November 15, 2025
edit post
Bitcoin Tumbles Deeper Into Bear Territory, Hard-Won Rally Could Be On Verge Of Vanishing

Bitcoin Tumbles Deeper Into Bear Territory, Hard-Won Rally Could Be On Verge Of Vanishing

November 15, 2025
edit post
25 movies, many stars, 0 hits: Hollywood falls to new lows

25 movies, many stars, 0 hits: Hollywood falls to new lows

November 15, 2025
edit post
Despite AI bubble fears, Warren Buffett’s Berkshire Hathaway buys shares of hyperscaler Alphabet

Despite AI bubble fears, Warren Buffett’s Berkshire Hathaway buys shares of hyperscaler Alphabet

November 15, 2025
edit post
How Did The Dogecoin Price React To Elon Musk’s Latest Dog Post?

How Did The Dogecoin Price React To Elon Musk’s Latest Dog Post?

November 15, 2025
edit post
Make America Grate Again: Trump vs MTG in epic MAGA maelstrom after she tries to maim H-1B visas

Make America Grate Again: Trump vs MTG in epic MAGA maelstrom after she tries to maim H-1B visas

November 15, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Can Your Smart Home Betray You? Security Experts Sound the Alarm
  • Bitcoin Tumbles Deeper Into Bear Territory, Hard-Won Rally Could Be On Verge Of Vanishing
  • 25 movies, many stars, 0 hits: Hollywood falls to new lows
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.