$240B in Real Estate Is Coming On-Chain with Balcony and Avalanche

Balcony, a real estate infrastructure company, is launching a pioneering initiative in New Jersey that brings property records on-chain using the Avalanche blockchain. This move addresses the chronic inefficiencies, risks, and revenue losses tied to the traditional paper-based real estate systems in the U.S., marking a pivotal step in modernizing public infrastructure.

Kei Ideas

Historic Tokenization Project: Balcony signed a five-year deal with Bergen County to digitize over 370,000 property parcels worth around $240 billion—the largest blockchain-based deed tokenization project in U.S. history—cutting settlement times from 90 days to one.
Statewide Adoption and Revenue Recovery: This initiative is part of a broader rollout across New Jersey, adding 460,000+ properties on-chain and uncovering hidden tax income, with examples like Orange, NJ recovering nearly $1 million.
Entrepreneurial Opportunity: This model offers a blueprint for entrepreneurs to propose similar blockchain solutions to other public institutions, especially leveraging Avalanche's AvaCloud for scalable, secure deployments across sectors.