# Propy - Blockchain-based Real Estate Transactions

> Propy utilizes blockchain technology, smart contracts, and NFTs to automate and make real estate transactions more transparent. The platform has processed over 5 billion USD in transactions since 2021 and reduces manual workload in acquired companies by up to 70 percent through automated workflows. Transaction volume doubles annually while the platform facilitates international real estate deals through the integration of fiat and crypto payments.

**Sector:** Tertiary sector · **Industry:** Property management · **Organisation:** Propy, Inc. · **Maturity level:** Production

Canonical URL: https://www.sapientblock.com/en/use-cases/propy-immobilienkauf-digital-abwickeln

## Documentation status

- **Project status:** Production
- **Evidence:** Evidence high
- **Editorial review:** Ufuk Avci, 15 April 2026

## Description

Propy was founded in 2015 by Natalia Karayaneva and Alex Voloshyn and is the pioneering platform for blockchain-based real estate transactions. In 2017, the world's first legal blockchain real estate purchase took place (Kyiv, Ukraine). October 2025: Propy secured a 100 million dollar expansion facility for growth with AI integration.

Propy's technology stack: Ethereum blockchain for ownership transfer documentation; smart contracts for purchase conditions; digital signatures for legally valid contract conclusion. The latest expansion: AI Escrow Officer — an AI agent takes over the traditional tasks of an Escrow Officer: checking purchase documents for completeness; monitoring deadlines; communication between buyer, seller, broker and notary. This accelerates the escrow process and reduces human errors. October 2025 recap: Propy presented new milestones and expansion plans. TradingView and ad-hoc news reported on the 100 million USD expansion facility. Propy is active in the USA, Ukraine, Cyprus and other markets.

## Benefits

- Real estate companies can significantly reduce their operating costs through process automation while increasing transaction speed.
- Private property buyers benefit from more transparent transactions and simplified access to international real estate markets.
- Reduction of manual workload by up to 70 percent through automated workflows.
- Annual doubling of transaction volume since 2021 with over 5 billion USD total volume.
- Fully digital real estate closings without physical presence through AI and blockchain integration.
- Employees are relieved from repetitive administrative tasks and can focus on value-adding, advisory activities.

## Challenges

- Real estate companies must fundamentally rethink their existing processes and train employees for new digital workflows.
- Integration of blockchain technology with existing real estate systems and regulatory requirements requires significant technical expertise.
- Scaling the platform across different legal jurisdictions with varying real estate laws presents complex challenges.
- Employees must adapt to AI-supported workflows and develop new technical skills to work effectively with automated systems.

## Technology foundation

Propy uses blockchain technology as a decentralized property register that enables automated transaction processing through smart contracts and employs NFTs to encapsulate ownership rights. This technology offers auditability and settlement security, thereby reducing traditional intermediaries and simplifying international transactions.

## Sources

- [Propy raises $100 million to reimagine real estate transactions with AI](https://www.tradingview.com/news/financewire:e2947d002094b:0-propy-raises-100-million-to-reimagine-real-estate-transactions-with-ai/)
- [Propy October 2025 Recap](https://propy.com/browse/propy-october-2025-recap/)
- [Propy: 100 Millionen Dollar Expansion](https://www.ad-hoc-news.de/boerse/news/ueberblick/propy-100-millionen-dollar-expansion/68644629)