The National Association of Realtor’s venture capital arm, Second Century Ventures, announced in a investment in start-up Propy.
Propy is a blockchain powered platform that enables the buying and selling of properties using any major currency, including fiat and cryptocurrency. It’s aim is to completely digitize the industry by automating the property purchase paperwork, secure wire payment and title recording.
CEO of Propy, Natalia Karayaneva, said “We believe Propy is at the forefront of bringing automation and blockchain to real estate with its easy-to-use platform for agents, buyers, and sellers.
“Working with Second Century Ventures (SCV) and NAR executives will help achieving adoption of our products. ”
The deal will give Propy access to key industry events and exposure to one of the world’s largest industries.
“We are eager to help accelerate their growth in real estate and beyond,” said Bob Goldberg, NAR’s CEO.