Bergen County, New Jersey, USA, Plans to Tokenize $240 Billion Worth of Real Estate Deeds on Avalanche (AVAX)
JH Kim
Summary
- Bergen County, New Jersey, USA, has signed a contract with Balcony to tokenize $240 billion worth of real estate deeds on the Avalanche (AVAX) network.
- Through this contract, approximately 370,000 real estate deeds will be transferred to a blockchain ledger.
- Bergen County is a wealthy area, and the impact of this tokenization initiative on the local economy should be noted.
According to cryptocurrency-focused media outlet CoinDesk on the 28th (local time), Bergen County, New Jersey, USA, has signed a contract with real estate blockchain company Balcony to tokenize approximately $240 billion worth of real estate deeds on the Avalanche (AVAX) network.
Bergen County, a wealthy area located across the Hudson River, will transfer approximately 370,000 real estate deeds to a blockchain ledger through this contract.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
