Propy
Category: AI in Fintech
A blockchain and AI-driven real estate platform that automates the entire transaction process, from offer to closing, by integrating on-chain property titles and AI-powered escrow services. Propy was founded in 2016. The company is led by Natalia Karayaneva. Based in Miami, Florida, USA. Team size: 50-100. Total funding raised: $128.7M. Latest round: Debt. Key investors include Metropolitan Partners Group, Tim Draper (Draper Associates), Arrington Capital, Second Century Ventures (National Association of Realtors).
- Founded
- 2016
- Headquarters
- Miami, Florida, USA
- Team size
- 50-100
- Total funding
- $128.7M
Value proposition
Eliminates manual paperwork and reduces wire fraud by providing a secure, transparent, and instant closing process through blockchain-verified titles and AI-automated transaction management.
Products and solutions
Agent Avery: An AI-powered virtual escrow officer that automates document processing and communication., PropyKeys: A decentralized registry (dApp) for minting on-chain property addresses and home titles., Propy Title & Escrow: A blockchain-integrated title service that facilitates secure, digital closings., Propy Offers: A digital platform for agents to manage, track, and close offers in real-time., Crypto-to-Real Estate: A specialized service for purchasing physical property using cryptocurrency.
Unique value
Propy pioneered the first-ever real estate transaction recorded on a blockchain and is the only platform combining AI 'Escrow Officers' with RWA (Real World Asset) tokenization for residential property.
Target customer
Real estate agents and brokers, title and escrow companies, home buyers/sellers, and institutional real estate investors.
Industries served
Real Estate, Fintech, Blockchain / Web3, LegalTech (Title & Escrow)
Technology advantage
Utilizes proprietary smart contracts to automate the transfer of property rights and 'Agent Avery' (LLM-based AI) to handle complex closing workflows, significantly reducing the standard 30-day closing window to potentially minutes.
How they differentiate
Propy differentiates by combining a blockchain-based title registry with 'Agent Avery,' an AI-powered escrow officer. Unlike traditional digital closing platforms, Propy enables the entire transaction to occur on-chain, supporting both fiat and cryptocurrency payments while automating legal workflows through smart contracts.
Main competitors
Roofstock, Qualia, Doma (formerly States Title)
Key partnerships
National Association of Realtors (NAR) via Second Century Ventures, Metropolitan Partners Group (Financing partner for title company acquisitions), Tim Draper (Draper Associates), Arrington Capital, Coinbase Prime (crypto escrow custody), Milo (crypto-backed mortgages / crypto-native homebuying stack, May 2026), Various US-based Title and Escrow agencies
Notable customers
National Association of Realtors (NAR), Sotheby’s International Realty, Institutional residential REITs (via Boss Law title book; >$10B combined AUM), Wholesale/fix-and-flip investors (Florida), Various independent US Real Estate Brokerages
Major milestones
Completed the first-ever real estate transaction recorded on a blockchain (2017), Facilitated the first NFT-based property sale in the United States (2022), Launched 'Agent Avery' AI Escrow Officer to automate closing documents (2024/2025), Acquired Delta South Title (AL) as first deal under $100M AI roll-up (Nov 2025), Secured $100M credit facility from Metropolitan Partners Group (Jan 2026), Third acquisition: Boss Law title division (FL) for institutional REIT clients (Mar 2026), Partnered with Milo for crypto-native homebuying stack (May 2026)
Growth metrics
Executing $100M AI-led title/escrow roll-up: 3+ acquisitions including Delta South Title (AL) and Boss Law title (FL); ~$75M M&A pipeline; >$5B transaction volume processed; Agent Avery targeting up to ~70% manual-workload reduction; expanding institutional REIT and wholesale investor closings.
Market positioning
A Web3-native PropTech leader transitioning into the mainstream market by acquiring traditional title agencies to implement its AI-driven automation at scale.
Geographic focus
Primarily the United States—Florida (incl. institutional/wholesale), California, Arizona, Alabama (Delta South), with roll-up targets also in Texas and Tennessee; long-term strategy for global decentralized property registries.
Patents and IP
Proprietary blockchain protocols for property title transfer and AI-driven automated escrow workflows (specific patent filings are generally held as trade secrets or pending in the PropTech space).
About Natalia Karayaneva
Natalia Karayaneva is a serial entrepreneur and software engineer with over 15 years of experience in real estate development. Before founding Propy, she was the Managing Owner of MP Group, where she oversaw thousands of real estate transactions. She is an Oxford graduate and a prominent advocate for blockchain and AI integration in property markets, recognized as a World Economic Forum Technology Pioneer.
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Official website: https://propy.com
