New Jersey County to Move Property Deeds to Blockchain
June 5, 2025
Bergen County Clerk's Office in New Jersey has partnered with Balcony in a five-year deal to digitize and move 370,000 property deeds worth about $240 billion to a blockchain-based deed tokenization platform.
Balcony claims the digital platform will cut deed processing time by over 90%, while dramatically reducing the risk of fraud, title disputes and administrative errors. In 2024, reports showed 72% of ransomware attacks targeting state and local governments demanded payouts exceeding $1 million.
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