Propy Deploys $100 Million Credit Facility to Put Residential Real Estate Closings on the Blockchain

Propy, a Miami-based blockchain technology company, is deploying a $100 million credit facility to consolidate the fragmented title and escrow industry into a single AI-powered closing platform — a bid to reduce a process that can take weeks down to a matter of hours.

The company secured the credit facility from Metropolitan Partners Group, a private investment firm, with the announcement coming in late January. Founded in 2017, Propy has spent nearly a decade building infrastructure to record real estate deeds and transactions on public blockchain ledgers, where data cannot be altered after the fact.

"We have this conviction that blockchain is the next phenomenon after the internet," founder and CEO Natalia Karayaneva said. "The internet moved information, blockchain will move value. It already is moving money. It's moving treasuries. However, the real estate industry is still behind."

Karayaneva attributes that lag largely to industry unfamiliarity with the technology. She describes blockchain as a shared, decentralized digital ledger that no single party controls — a property she argues makes it well-suited for recording property ownership in a way that is resistant to fraud.

Propy has so far acquired four established title companies as part of its consolidation strategy. The transition has not been seamless. Karayaneva acknowledged that staff at acquired firms have expressed concern about AI and required hands-on training in both blockchain and cryptocurrency before becoming comfortable executing transactions on the platform. Once trained, she said, closings proceed with far less manual intervention.

The workflow begins when Propy receives a signed purchase agreement. An AI system extracts the relevant data — address, contingencies, conditions — and initiates a smart contract on the blockchain. The company has also developed an AI agent named Avery to handle client-facing communications around the clock, including emails, calls, and interactions with buyers, sellers, REITs, and vendors such as mortgage payout providers.

"She is an escrow officer that never sleeps," Karayaneva said of Avery, noting that some clients do not initially realize they are communicating with an automated system.

Passage of the GENIUS Act last year has also accelerated interest in Propy's platform, according to Karayaneva. The legislation established a regulatory framework for stablecoins — cryptocurrencies pegged to the U.S. dollar — requiring issuers to hold actual dollars or safe assets as backing. Karayaneva described the law as conferring "legitimacy" on blockchain-based transactions and said it prompted outreach from real estate developers and REITs that had previously been reluctant to accept cryptocurrency payments.

Miami's large population of international buyers, many of whom prefer cryptocurrency transactions, has made the city a particularly active market for Propy's services.

Karayaneva, who grew up in the former Soviet Union and described witnessing government seizure of private property, frames the decentralized record-keeping model as a consumer protection tool — particularly in developing countries where property rights are less secure. "Real estate is the most important and the largest asset class in the world," she said. "It makes sense to move this asset class on chain."

With four acquisitions completed and a nine-figure credit line available for further consolidation, Propy's ability to scale its training and integration model across additional title companies will be the central test of whether blockchain-native closings can move from a niche offering to a mainstream alternative in the U.S. residential market.

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