Propy, a leader in real estate tokenization, has announced an ambitious $100 million expansion plan to modernize the United States’ title industry. The company aims to acquire small and mid-sized title offices across the country and streamline their operations using a combination of blockchain technology and artificial intelligence.
This initiative targets a $25 billion sector that remains highly fragmented and reliant on paper-based processes. By integrating these title companies into a single, efficient network, Propy seeks to reduce fraud, accelerate transaction times, and build a foundation for a more modern real estate market.
A Dual-Technology Approach to Modernization
At the core of Propy’s strategy are two key technological innovations designed to work in tandem.
The first is Agent Avery, an AI-powered assistant developed to handle the routine, time-consuming tasks that dominate the title and closing process. This tool operates 24/7 and is estimated to save approximately 40% of the manual workload, allowing human agents to focus on more complex aspects of transactions.
The second is the integration of blockchain technology to create a secure and transparent system for recording property deeds. By placing deeds on an immutable blockchain ledger, Propy aims to make the history of property ownership easily traceable and significantly more resistant to forgery and title fraud. This builds on Propy’s established expertise, having already processed over $4 billion in digital real estate transactions.
Funding a New Model with On-Chain Capital
To finance this ambitious roll-up of title companies, Propy is leveraging a modern funding structure. The $100 million budget will be sourced from a combination of traditional private lenders and decentralized finance (DeFi) protocols.
This approach is notable as it represents one of the first known instances of using on-chain private credit to fund merger and acquisition activity. While this provides the capital for rapid growth, it also links the project’s success to the evolving landscape of DeFi, with its associated risks like smart contract vulnerabilities.
