Propy
Propy provides AI and blockchain-powered real estate transaction services including title, escrow, and onchain deed recording. It serves institutional real estate investors, agents, and crypto-native buyers through Propy Title, Agent Avery AI escrow officer, and crypto payment integrations.
- Company typePrivate
- Founded2017
- HeadquartersPalo Alto, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Propy does
Propy is an end-to-end real estate transaction management platform that combines AI and blockchain infrastructure to facilitate property closings online. Founded in 2016/2017 and incorporated in Delaware, the company is executing a $100 million AI-led roll-up of the fragmented US title and escrow industry, having processed over $4 billion in verified transactions across 38 countries between 2021 and 2025. Its core products include Propy Title, an AI-assisted title and escrow platform that records deeds onchain to prevent fraud, and Agent Avery, an AI escrow officer trained on $5 billion in transactions that automates closings 24/7. The platform also offers cryptocurrency escrow services, a crypto-backed mortgage product, onchain recording infrastructure, and the PRO utility token for platform fees, staking, and governance.
The company serves three primary customer segments: institutional real estate investors (large residential REITs and wholesale investors requiring high-frequency closings of 50-200+ properties monthly), real estate agents and brokerages, and crypto-native buyers and sellers. Its GTM combines enterprise field sales targeting institutional clients with a self-serve platform for agents and individual consumers, supplemented by integrations with major crypto exchanges (Coinbase Prime, Kraken, Binance, Bitget) and DeFi protocols (Morpho, Milo). Propy generates revenue through transaction fees on title and escrow services, subscription plans for agents and real estate professionals, and token-based platform fees, with distribution across offices in Miami, St. Petersburg, Seminole, and Mobile and a 51-100 employee team.
The business model is anchored on a consolidation thesis: a $100 million credit facility from Metropolitan Partners Group (January 2026) funds acquisitions of profitable regional title firms generating $5-20 million in annual revenue, with each acquired firm integrated into Propy's AI-driven platform to capture the claimed 70% manual workload reduction, 24-48 hour settlement times, and 2-3% transaction cost structure versus the 5-10% industry baseline. The company has closed acquisitions of Delta South Title (Alabama, November 2025) and Boss Law's title division (Florida, March 2026), with an active M&A pipeline of approximately $75 million targeting firms in California, Texas, and Tennessee. Regulatory positioning includes partnerships with county recorder offices in Vermont and Wyoming, MiCA compliance in the EU, and operating presence across 12 US states with distributed ledger property legislation.
Propy firmographics
Firmographics- Name
- Propy
- Legal name
- Propy, Inc.
- Website
- https://propy.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Propy provides AI and blockchain-powered real estate transaction services including title, escrow, and onchain deed recording. It serves institutional real estate investors, agents, and crypto-native buyers through Propy Title, Agent Avery AI escrow officer, and crypto payment integrations.
- Ownership category
- akta.pro rank
Propy industry classification
Industry- Product category
- Real Estate Transaction Technology (PropTech)
- NAICS
- Other Investment Pools and Funds (5259), Other Financial Vehicles (52599)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Active Crypto Asset Managers (Discretionary) (FSADAHAA)
- akta.pro secondary industry
- DeFi Asset Management & On-Chain Index Protocols (FSADAMAK)
Keywords
Where Propy is headquartered
LocationHeadquarters
- HQ city
- Palo Alto
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Propy business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Title and Escrow Services: Revenue from providing AI-powered title and escrow services for real estate transactions. The platform targets the $25 billion fragmented title and escrow industry where transaction costs can approach 10% of a home's value due to manual workflows. Recent acquisitions include Boss Law's title division and Delta South Title Inc.
- Subscription Services: Subscription-based access to Propy's platform for agents and real estate professionals. The website offers subscription pricing with individual subscription plans available.
- PRO Token Utility: Native PRO utility token operating inside real estate transaction workflows, enabling platform fees, staking, governance voting, and access tiers. Token launched on Kraken and KuCoin exchanges.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Individual subscription plans for agents and real estate professionals |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Propy product offering
Product offeringCore offering
Propy operates an AI and blockchain-powered end-to-end real estate transaction platform that automates title and escrow workflows, records deeds onchain to prevent fraud, and enables cryptocurrency-based property purchases. The platform features Agent Avery, an AI escrow officer trained on $5B in transactions that supports 24/7 digital closings, and serves institutional investors, real estate agents, and individual buyers and sellers across 38 countries.
Product overview
Propy operates as a comprehensive real estate technology platform combining blockchain and AI to modernize property transactions. The core offering consists of the Propy Transaction Platform for end-to-end real estate deals, Propy Title for AI-assisted title and escrow services recorded onchain, and Agent Avery as the AI escrow officer enabling 24/7 automated closings. Additional modules include Crypto Escrow Service for cryptocurrency transactions and Crypto-Backed Mortgage for crypto-collateralized loans. The PRO token serves as a utility and governance token within the ecosystem. Propy's platform processes transactions on Ethereum and Base blockchains, has processed over $4 billion in verified transactions across 38 countries, and is executing a $100M AI-led roll-up strategy to consolidate title and escrow companies nationwide.
Differentiator
Problem solved
Functional benefit
Brands
- Propy Title: AI-powered title and escrow brand operating under Propy's platform, integrating automated compliance workflows, 24/7 digital closings, and AI escrow officer Agent Avery
- Agent Avery
Products and services
- Propy Title AI-assisted title and escrow platform that records deeds onchain to prevent fraud and provides full transparency on home purchases 24/7 using blockchain technology. Acquired regional title firms operate under the Propy Title brand serving institutional clients including major REITs.
- Agent Avery AI escrow officer assistant that helps close real estate transactions 24/7, reducing human work by 40% and facilitating deals around the clock. Trained by Propy's team on $5B in transactions.
- PRO Token Native utility and governance token supporting platform fees, staking, governance voting, and access tiers within the Propy ecosystem.
- Crypto Escrow Service Service enabling users to minimize market volatility and tax risks with a compliant, streamlined process for crypto-based real estate transactions. Supports Bitcoin, Ethereum, and other cryptocurrencies for down payments and property purchases.
- Crypto-Backed Mortgage Blockchain-based cryptocurrency loan service allowing users to buy tokenized real estate using crypto as collateral.
- Propy Transaction Platform End-to-end real estate transaction platform enabling property purchases to be recorded as digital assets on Ethereum and Base blockchains with simultaneous title transfer and payment.
- Onchain Title and Escrow Infrastructure Blockchain infrastructure for recording deeds and transactions onchain to prevent fraud, with legally binding partnerships with county recorder offices in Vermont and Wyoming for blockchain-based land registries.
Quantifiable outcome
- 70% reduction in manual workload through AI automation
- +4 more outcomes
Companies that use Propy
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Propy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
AI capability5 records
Feature4 records
Propy partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- MilocoreFirst-of-its-kind partnership announced with Milo for crypto-backed real estate lending services, expanding financial products available to Propy users.
- MorphocorePartnership with Morpho, a leading DeFi protocol with billions in liquidity, to bring real estate onchain through decentralized lending protocols.
- ProofcorePartnership to streamline notary services, making home buying faster and safer by integrating digital notary services into the Propy real estate transaction platform.
- Coinbase PrimecoreLaunched crypto escrow service with Coinbase Prime for secure real estate transactions, enabling crypto-native buyers to fund transactions through their exchange accounts.
- County Recorder Offices (Vermont and Wyoming)coreEstablished legally binding blockchain-based land registries in partnership with county recorder offices, contributing to 12 U.S. states having legislation addressing distributed ledger property transactions.
Scale indicators13 records
Recent moves7 records
Expansion highlights6 records
Propy competitors and assessment
Company assessmentDirect peers
- Doma: Doma (formerly States Title) applies AI and machine learning to title insurance and escrow, targeting faster, cheaper closings. It is the most direct US competitor to Propy's AI-led title and escrow platform with comparable institutional ambitions.
- Qualia: Qualia is a digital closing platform for title agents, real estate attorneys, and lenders, providing workflow automation across the closing process. It overlaps directly with Propy's title/escrow software layer and serves similar institutional and SMB customers.
- Snapdocs: Snapdocs is a digital closing network connecting lenders, title, and signing agents, with a strong focus on eClose and remote online notarization. It competes with Propy's closing infrastructure, particularly for enterprise mortgage and refinancing volume.
- RealBlocks: RealBlocks is a tokenization platform for real estate funds and syndications. It is comparable to Propy's tokenized real estate and onchain investment marketplace, sharing the same crypto-native buyer segment.
- Parcl: Parcl is an onchain real estate analytics and data platform with $10B+ in tokenized homes. Propy is a formal integration partner, and both target bringing residential real estate liquidity onchain via different layers of the stack.
Broad incumbents
- Stewart Information Services: Stewart is a top-tier US title insurance and real estate services incumbent with national agency operations. Propy's roll-up targets acquisitions that compete head-to-head with Stewart's agency network in fragmented regional markets.
- First American Financial: First American is one of the largest US title insurers and settlement services providers. It represents the incumbent scale that Propy's AI-led roll-up is attempting to disrupt at the unit-economics layer.
- Rocket Mortgage (Rocket Close): Rocket Mortgage's Rocket Close product offers an integrated digital closing experience. As the largest US mortgage originator, it competes with Propy for institutional closing volume and has the scale to push AI-led closing features downstream.
Emerging players
- Lofty: Lofty is a fractional real estate investment platform built on blockchain, enabling tokenized ownership of rental properties. It overlaps with Propy's crypto-native real estate marketplace, though focused more on fractional ownership than closing/escrow.
Others
- BitGo: BitGo is a leading institutional crypto custody and trading infrastructure provider. It is comparable as ecosystem infrastructure adjacent to Propy's crypto escrow and PRO token operations, supporting the same digital-asset transaction flows.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Propy social profiles
Digital presencePropy compliance and trust
Trust signalCompliance1 record
Propy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Propy leadership team
Management profileNumber of profiles
Profiles8 records
Propy subsidiaries and ownership
Company hierarchySubsidiaries3 records
Propy funding detail
Funding detailFunding overview
Funding rounds7 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Propy M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Propy
What does Propy do?
Propy operates an AI and blockchain-powered end-to-end real estate transaction platform that automates title and escrow workflows, records deeds onchain to prevent fraud, and enables cryptocurrency-based property purchases. The platform features Agent Avery, an AI escrow officer trained on $5B in transactions that supports 24/7 digital closings, and serves institutional investors, real estate agents, and individual buyers and sellers across 38 countries.
Is Propy a public or private company?
Propy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Propy founded?
Propy was founded in 2017. It employs 51 to 100 people.
Where is Propy based?
Propy is headquartered in Palo Alto, United States, in the North America region.
How does Propy make money?
Three revenue lines are on record. Title and Escrow Services are the primary driver. The others are subscription Services and PRO Token Utility.
Who are Propy's main competitors?
Direct peers on record are Doma, Qualia, Snapdocs, RealBlocks and Parcl. Broad incumbents are Stewart Information Services, First American Financial and Rocket Mortgage (Rocket Close). Lofty is listed as an emerging player. BitGo is listed as an others.
Does Propy have an API?
No public API is recorded for Propy.
What industry is Propy in?
Propy's product category is Real Estate Transaction Technology (PropTech). Its primary akta.pro industry code is FSADAHAA, Active Crypto Asset Managers (Discretionary), with a secondary code of FSADAMAK, DeFi Asset Management & On-Chain Index Protocols. Its NAICS code is 5259 and its SIC code is 6531.