Propy Secures $100 Million to Expand Blockchain Real Estate Closings

Propy, a Miamibased blockchain company, has secured a $100 million credit facility from Metropolitan Partners Group to expand its real estate closing platform. The company says the funding will help it bring more title and escrow services into an AIdriven system that uses blockchain to record property transactions. Founded in 2017, Propy aims to speed up closings by automating parts of the paperwork and compliance process. The company says some transactions that once took weeks can now be completed in hours after signed purchase agreements are processed through its software and smart contracts. Propy is also building an AI agent called Avery to answer client questions, check emails, and help move deals forward. The company says recent U.S. stablecoin rules have increased interest from real estate developers, REITs, and international buyers, especially in markets such as Miami.