Propy CEO Natalia Karayaneva said to CNBC on Tuesday that blockchain technology is set to revolutionize the way real estate transactions are conducted.
This shift represents a move toward the tokenization of physical assets, which could reduce the friction and time associated with traditional property transfers. By moving titles and payments on-chain, the industry aims to remove intermediaries and increase transparency.
To support this transition, Propy secured a $100 million [1] credit facility from Metropolitan Partners Group. The company intends to use $100 million [2] for a U.S. expansion focused on acquiring mid-size title firms. This strategy seeks to integrate legacy real estate services with modern digital infrastructure.
Karayaneva said the technology is already proving its viability through high-value transactions. A Miami property recently settled via the Propy platform in a $14 million [3] USDT transaction. This event marked a significant milestone in the use of stablecoins for large-scale real estate settlements.
The company has also expanded its reach into different property types and regions. Propy announced the first tokenized sale of a Hawaiian condominium on Jan. 24, 2025 [4]. These initiatives demonstrate a broader push to move the entire property lifecycle, from listing to closing, onto a decentralized ledger.
Blockchain allows for the creation of digital twins of physical properties. This process enables owners to sell fractions of a property or transfer ownership instantly without the traditional weeks-long escrow process. Karayaneva said the goal is to make real estate as liquid as other financial assets.
“Blockchain technology is set to revolutionize the way real estate transactions are conducted.”
The integration of blockchain and AI into real estate signifies a transition from manual, paper-based title systems to a digital ledger. By acquiring traditional title firms, Propy is attempting to bridge the gap between legacy legal requirements and automated smart contracts, potentially lowering transaction costs for buyers and sellers.
