Propy Launches $100M M&A Expansion to Bring Real Estate Closings Onchain

Propy, the blockchain-powered real estate platform, just announced a $100 million expansion. The move is aimed at modernizing the $25 billion U.S. title and escrow market, one of the last corners of the housing industry still running on paper.

And at the center of this transformation is Agent Avery, Propy’s new AI-powered escrow officer designed to automate the closing process from start to finish.

The $25B Title Industry, Reimagined

Despite massive advancements in proptech, title and escrow remain stubbornly analog. The space is fragmented across 7,000 firms, and a recent NAR survey found that 63% of Realtors reported title fraud in their market, with this number climbing to 92% in the Northeast.

“Closing on a home is still a paper chase, while Gen-Z and Millennials expect digital, on-demand services,” said Natalia Karayaneva, CEO of Propy. “Avery and our acquisition strategy give us a path to scale nationwide, transforming closings into a faster, AI-driven experience built for modern buyers.”

Propy’s plan is to acquire profitable regional title firms in states like California, Texas, and Florida, then transform their operations with AI and blockchain infrastructure.

Agent Avery: The First AI Escrow Officer

Agent Avery automates up to 70% of an escrow officer’s work, handling contracts, compliance, and communication across both traditional and crypto payments. Trained on thousands of transactions, Avery is fluent in RESPA regulations and real estate law, ensuring every closing stays compliant and on schedule.

Available 24/7 via text or voice, the system has shown to reduce workloads by 40%, helping agents and title teams handle more deals with a smoother client experience.

For a sneak peek of Avery in action, Propy created a series of videos, including this one: 

Early access to Agent Avery is now open at propy.com/avery.

Behind the Expansion & Advisory Board

Propy’s $100 million expansion is funded through a mix of traditional and onchain private credit, one of the first real-world examples of decentralized finance (DeFi) fueling M&A in a U.S. financial market.

Part of the financing comes from Morpho, a DeFi lending network with more than $12B in total deposits. Merlin Egalite, cofounder and head of integration at Morpho, stated:

“Onchain private credit is a natural extension of crypto-backed loans. “We’re excited to see how Propy leverages Morpho’s universal lending network to finance its expansion in real estate financing.”

Propy’s advisory board now includes Chris Campbell (former Assistant Secretary of the U.S. Treasury) and Mike Jones (Science Inc.), joining Dr. Michael S. Piwowar (former SEC Commissioner) and Michael Casey (MIT).

“There’s clear institutional appetite for innovation in real estate,” said Piwowar. “Propy’s use of AI automation and onchain infrastructure could redefine how property ownership is tracked and transacted in America.”

With over $4 billion in digital real estate transactions already processed, Propy is proving that blockchain isn’t just a buzzword; it could lead to a faster, more secure future of real estate.