Propy (PRO)

Propy (PRO) is a blockchain-based real estate platform that leverages Ethereum technology and smart contracts to streamline property transactions. By reducing paperwork and increasing security, Propy aims to make the buying and selling process more efficient. The platform offers a global property marketplace, enabling users worldwide to buy real estate. Propy emphasizes decentralization and security, ensuring transparent and fraud-resistant transactions. It also explores real estate tokenization, allowing fractional ownership and wider investment opportunities. The ecosystem is powered by PRO tokens, used for executing smart contracts, particularly for property title transfers on the Propy Registry, and for paying registry fees associated with blockchain recording.

Unique Selling Propositions (USPs):

• Blockchain Integration: Propy integrates blockchain technology into real estate transactions, offering unprecedented transparency and security. Each transaction, from listing to closing, is recorded on the blockchain, reducing the risk of fraud and ensuring all parties have access to accurate, tamper-proof records.
• Decentralized Title Registry: Propy's decentralized title registry eliminates the need for intermediaries and paperwork, often leading to delays and errors. By recording property titles on the blockchain, Propy ensures that title records are accurate, up-to-date, and easily accessible to authorized parties.
• Smart Contracts: Propy uses smart contracts to automate and secure real estate transactions. Smart contracts execute automatically when predefined conditions are met, potentially reducing the need for intermediaries like lawyers and brokers. This automation speeds up the transaction process and cuts costs, making real estate deals more efficient and affordable.
• Global Marketplace: Propy provides a global marketplace for real estate, enabling cross-border transactions with ease. Buyers and sellers from around the world can interact directly on the platform, overcoming traditional geographic and regulatory barriers. This global reach expands market opportunities and makes real estate investment accessible to a broader audience.

Recent Milestones and Catalysts:

• Instant Onchain Loan for Tokenized Real Estate Sale: In January 2025, Propy announced an unprecedented, instant onchain loan for a tokenized real estate sale in Hawaii. This innovative financing option allows buyers to purchase real estate using both cryptocurrency and the property itself as collateral. The loan is processed instantly, eliminating the standard 30-day escrow period, and enables buyers to reclaim their cryptocurrency upon completing repayment. This development demonstrates how blockchain technology can simplify home buying, replacing the traditionally lengthy loan approval process with an instant, efficient solution.
• Appointment of Former SEC Commissioner: In September 2024, Propy appointed Michael Piwowar, a former acting SEC chairman and commissioner, as an advisory board member. He will guide the company through key regulatory environments, providing valuable insights into navigating complex legal landscapes. This strategic addition to the team underscores Propy's commitment to compliance and positions the company for future growth.
• Launch of Propykeys: In March 2024, Propy launched Propykeys, allowing users worldwide to create digital addresses for physical properties, from homes to global landmarks. Built on Ethereum L2 Base, this initiative enhances deed security by moving from paper records to blockchain. This shift not only combats deed fraud but also streamlines many aspects of traditional real estate transactions.