Propy plans to acquire mid-size U.S. title firms, integrate blockchain and AI for efficiency, and target a $1 billion valuation within 12 months, according to CEO Natalia Karayaneva.
In an official announcement, Propy revealed a $100 million plan to acquire mid-size property title firms across the U.S. over the next year, aiming to modernize the $25 billion title industry with blockchain and artificial intelligence. The company seeks a $1 billion valuation through rollups funded by both traditional lenders and onchain credit from platforms like Morpho, marking one of the first uses of decentralized private credit for M&A. Propy, already a licensed title firm with $4 billion in processed digital real estate transactions, will deploy its AI escrow agent, Agent Avery, capable of reducing 40% of escrow workload, supporting both fiat and crypto payments. The expansion targets title companies in states including California, Florida, and Texas to streamline operations, reduce fraud, and accelerate closings.