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The US begins tokenizing 370,000 properties on Avalanche, valued at $240 billion — the start of the digitization of real assets.

🕒 At the end of May 2025, according to PANews, Bergen County (New Jersey) announced a partnership with blockchain company Balcony to transfer 370,000 property ownership certificates to the Avalanche blockchain over the next 5 years.
🌐 The estimated total value of real estate reaches $240 billion, making this the largest real estate asset tokenization project in the United States.
🔍 What stands out about the project?
Large scale: Covering 70 municipalities, nearly 1 million residents.
Strong digital transformation: Asset tokenization helps increase transparency, reduce fraud, and shorten processing times by up to 90%.
Increased tax revenue: Thanks to transparency and optimized management, the government expects to boost local budget revenues.
🧠 Why is it noteworthy?
“This is not just a technological advancement, but a model for the entire US real estate industry in the blockchain era.”
The adoption of large-scale blockchain by a county government demonstrates the potential of Web3 in the public sector and paves the way for practical applications, not just DeFi or NFTs.
📈 What does it mean for the Avalanche (AVAX) ecosystem?
Avalanche affirms its position in the traditional asset tokenization (RWA) space.
It could attract new capital flows and increase trust from institutional investors.
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