Bergen County is migrating property deeds valued at 240 billion USD onto the Avalanche blockchain. This initiative seeks to improve property recordkeeping and recover lost municipal revenue.
The county partners with Balcony to digitize 370,000 deeds across 70 municipalities, aiming for transparency and efficiency in property records management.
This project represents a rising trend in real-world asset tokenization, with estimates suggesting substantial market growth to 18.9 trillion USD by 2033, following successful implementations in other regions.
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