Propy — Blockchain in Action
See how Propy is using blockchain and digital technology to bring more of the real estate transaction into one connected platform.
How Is Propy Using Blockchain in Real Estate?
Propy is a real estate technology platform that brings different parts of a property transaction into a digital environment—from offers and transaction management to title, escrow and closing.
Blockchain technology can work behind the scenes, creating an additional digital record of certain transaction and property information.
What Is Propy?
Propy is a real estate technology platform designed to bring more of the buying and selling process into one digital environment.
Depending on the transaction and services being used, Propy can help manage offers, documents, signatures, transaction steps, title, escrow and closing.
What makes Propy especially interesting is that blockchain technology can work behind the scenes as part of the process. Buyers and sellers don’t need to understand how blockchain works to use the digital tools in front of them.
How Does Propy Bring a Real Estate Transaction Online?
A real estate transaction involves many moving parts—offers, documents, signatures, deadlines, title, escrow and closing.
Propy brings many of these steps into one digital workspace. Depending on the transaction, participants can submit and track offers, manage documents, obtain electronic signatures, follow transaction steps and work with other parties involved in the closing.
Instead of information being scattered across emails, documents and separate systems, more of the transaction can be organized and followed in one place.
Where Does Blockchain Fit Into the Transaction?
Blockchain works largely behind the scenes in Propy’s platform.
As a transaction progresses, Propy can use blockchain to create verifiable records connected to the transaction and its documents. Rather than placing personal information or the actual documents on a public blockchain, Propy records unique digital references that can later be used to help verify the information.
At closing, the transaction can also be connected to a blockchain record, creating an additional digital history alongside the traditional real estate records.
For the buyer or seller, much of this happens in the background—they can use the platform without needing to understand how blockchain works.
What Is a Blockchain-Recorded Deed?
A blockchain-recorded deed adds a digital blockchain record alongside the traditional property record.
In a Propy closing, the deed still goes through the normal legal recording process with the local county. Propy can also record information connected to the transaction on blockchain, giving the property a blockchain address and creating an additional digital record that can be used to help verify the transaction and related documents.
Think of it as two layers working together:
County Record → The official government property record
Blockchain Record → An additional digital record connected to the property and transaction
The blockchain record does not replace the county-recorded deed. It adds another way to preserve and verify information connected to the transaction.
Does the Deed Still Get Recorded With the County?
Yes.
In a Propy Title & Escrow closing, the deed still goes through the traditional legal recording process with the local county recorder.
Propy adds another layer by also recording information connected to the transaction on blockchain. This creates an additional digital record alongside the official county property record.
The county record remains the official government record of the property transfer. The blockchain record does not replace it.
A simple way to think about it is:
Traditional Recording → Establishes the official public property record
Blockchain Recording → Adds a digital record that can help verify information connected to the transaction
Can Cryptocurrency Be Used to Buy Real Estate?
Yes. Cryptocurrency can be used in certain real estate transactions, but how it is used can vary.
Propy offers crypto escrow that supports Bitcoin (BTC), Ethereum (ETH) and USDC. Crypto can be held in escrow during the transaction and, when needed, converted to traditional currency as part of the closing process.
Buyers may also have the option to use cryptocurrency as collateral rather than selling it. For example, Propy’s current partnership with Milo offers crypto-backed mortgage options where eligible buyers can pledge BTC or ETH toward financing a real estate purchase.
So “buying with crypto” can mean different things:
Pay with crypto → Cryptocurrency is used as funds for the purchase.
Convert at closing → Crypto is held during escrow and converted when needed.
Borrow against crypto → Digital assets are pledged as collateral for financing.
The options available depend on the property, transaction, lender, location and services being used.
How Are AI and Blockchain Working Together at Propy?
AI and blockchain can play different roles in the same real estate transaction.
Propy uses AI to help manage the day-to-day work of a closing. Its AI escrow assistant, Avery, can help with tasks such as opening and organizing transactions, following up with participants, tracking important steps and keeping the people involved updated.
Blockchain serves a different purpose. It can create verifiable digital records connected to transaction milestones and the property, including an additional blockchain record when a deed is recorded.
A simple way to think about it is:
AI → Helps manage and coordinate the transaction
Blockchain → Helps create a verifiable digital record of what occurred
Together, these technologies can work behind the scenes while buyers, sellers and real estate professionals experience a more connected digital closing process.
What Does This Mean for the Future of Real Estate?
Propy provides a real-world example of how traditional real estate and newer technology can work together.
The basic purpose of a home sale hasn’t changed. Buyers and sellers still make decisions, professionals still guide the transaction, funds still need to be handled, and ownership still needs to be legally transferred.
What is changing are the tools used to complete and connect those steps.
AI can help coordinate the transaction. Digital platforms can bring documents, payments and closing information together. Blockchain can add a verifiable digital record alongside traditional real estate records.
As these technologies continue to develop, buying and selling property could become more connected, easier to follow and increasingly digital—without requiring the buyer or seller to understand the technology working behind the scenes.
Propy brings many parts of a real estate transaction into one connected digital experience.
Offers & Transactions
Helps bring offers, documents and transaction activity into a connected digital environment.
AI Assistance
Helps support title, escrow and transaction workflows with AI-powered tools.
Blockchain Records
Creates an additional blockchain record connected to certain transaction and property information.
Title & Escrow
Helps bring title, escrow and closing into a more connected digital process.
Digital Payments
Supports digital payment options for real estate transactions, including earnest money and certain cryptocurrency transactions.
Deeds Onchain
Adds a blockchain record connected to the deed while the official property transfer is still recorded with the local county.
Technology can change how a transaction is managed—but the fundamentals of real estate still matter.
REAL PROPERTY
The home and land remain real-world property.
PEOPLE
Buyers, sellers and real estate professionals still make important decisions.
LEGAL OWNERSHIP
Property law and official land records still determine legal ownership.
SECURITY
Protecting funds, documents and property rights remains essential.
The technology may change. The importance of protecting property ownership does not.
Want to Learn More About Propy?
Explore Propy's official website to learn more about its current title, escrow, AI and blockchain services.
