Avalache Blockchain will run what has been appointed to be the largest real estate records initiative on the series after a major deal between the Blockchain -based land management platform and Bergen Province.
in advertisement On May 28, 2025, the balcony said that the five -year -old project would be the largest Senkchin campaign in the United States.
The initiative, which seeks to bring $ 240 billion in real estate value to Blockchain, is scheduled to be the basis for starting operation throughout the country.
240 billion dollars and more than 370,000 real estate address on the series
Bergen County Office will use this initiative to digitize 370,000 real estate instruments, all of which are supported by Avalanche.
240 billion dollars in real estate is coming on the series.
Palconytech It works with Bergen County and many other municipalities for the NJ for digitization of real estate records, supported by Avalanche. This is the largest Blockchain instrument initiative in the history of the United States.
With the real asset symbol in the rise and the main institutions and government agencies, the Bergen Province areas are on board.
The titles symbol will cut all 70 municipalities. Benefits include a decrease in the time of processing action, the risk of fraud, ownership conflicts, and administrative errors.
More than 240 billion dollars will come from the value of real estate on the chain as a result of this huge project.
“This initiative revolves around improving the lives of our residents,” said John Hogan, Bergen County writer.
“By numbering property records, we make the process more simple, faster and safer for home owners, companies and future generations. Our plan is to use this approach to thinking forward to enhance transparency and reduce delay and protection from breakthroughs that guarantee that Bergen’s province remains a pioneer in innovation and service to our community.”
In addition to the notes, the chief strategy official at Ava Labs, Luigi d’Onorio Demeo said:
“Blockchain continues to solve complex problems in the real world. The balcony is placed to become the trusted platform for this transformation of generations in preserving real estate records. Blockchain provides speed, reliability and flexibility to support to support the project of this scale.
RWA growth
According to the RWA data tracking and analysis platform rwa.xyzThere are approximately $ 22.9 billion of RWA value on the chain.
Among the main players in the Blackrock, Federation, Franklin Templeton and Hamilton Lane.
Blockchain platforms with a huge value on the ETHEREUM series, ZKsync Era, Solana, Stella and Aptos.
For each RWA.XYZ, there are currently about $ 177 million of RWA value on Avalanche Blockchain.
The news that Avalanche will help the Power Bergen County symbolic initiative led to a slight rise in the price of AVAX, which reached levels above 23.75 dollars.
Beyond collapse appeared in Bergen Bergen Province
