Real Estate Tokenization Firm Propy Launches $100M Expansion to Digitize Property Title Market
Propy plans a $100 million U.S. expansion to acquire title firms and digitize the $25 billion property title industry using blockchain and AI.Summary
Real estate tokenization specialist Propy announced a $100 million expansion strategy focused on acquiring mid-size property title firms across the U.S. to modernize the largely manual, $25 billion title industry. CEO Natalia Karayaneva stated this rollout, funded partly by onchain private credit from platforms like Morpho, aims to integrate blockchain and AI to streamline operations, reduce fraud, and speed up closings. Propy already processes digital transactions and leverages its AI escrow agent, Agent Avery, which can save about 40% of an escrow officer's workload. The company expects this expansion to help it reach a billion-dollar valuation as a tech company and recently added former U.S. Treasury official Chris Campbell to its advisory board.
(Source：CoinDesk)