Skip to main content

Propy Brings Blockchain Real Estate Technology to Japan

Phil Hall
Sep 05, 2019
Photo credit: Getty Images/metamorworks

Propy Inc., a blockchain start-up based in Palo Alto, Calif., has entered into partnership with Escrow Agent Japan Co. (EAJ), the largest escrow service provider in Japan.
 
The partnership is the first in Asia for Propy, which recently received a strategic investment from Second Century Ventures, a real estate technology fund backed by the National Association of Realtors. In February 2018, Propy coordinated the first U.S. application that combined blockchain with real estate finance via a pilot project in collaboration with the City Clerk's Office of South Burlington, Vt., that utilized blockchain technology to record real estate conveyance documents–the groundbreaking transaction was a property record transfer from an individual to her limited liability company, with the $10 transfer fee and property records registered through the public Ethereum blockchain.
 
In April, Propy completed two blockchain-based real estate deals in Japan, bringing this technology solution to that country’s real estate market.
 
“By partnering with Escrow Agent Japan Co., we expect to get scaling in Japan,” said Natalia Karayaneva, CEO at Propy, Inc. “While we’ve been focusing on the U.S. market, the Japanese market, being historically innovative, is a natural choice for the first step in global expansion.”

 
Published
Sep 05, 2019
Rocket Mortgage Signs Brand Partnerships With 25 College Athletic Programs

Rocket Mortgage, announced its extended visibility and branding throughout college campuses with new and expanded multi-year partnerships.

Sales and Marketing
Sep 08, 2021
Flyhomes Designs The Antidote To Homebuyer’s Remorse

If buyers don’t love their home within the first year — for any reason — Flyhomes will list the home on their behalf and waive their commission.

Sales and Marketing
Aug 26, 2021
Should A Rebrand Be In Your Future?

Make sure you’re communicating who you are.

Sales and Marketing
Aug 05, 2021
Knock Provides Home Swap To Homeowners In Chicago

Fast-growing real estate technology company, Knock, is partnering with 10 local brokerage firms to bring the Home Swap to homeowners throughout the Chicago metropolitan area.

Sales and Marketing
Jul 30, 2021
Ruoff Mortgage Announces Multi-Year Partnership With NASCAR

NASCAR and Ruoff Mortgage, a residential mortgage company, announced a multi-year partnership that will designate the company as the “Official Mortgage Partner of NASCAR.”

Sales and Marketing
Jul 16, 2021
Eye, Eye Sir

When I widened my perspective, solutions seemed to fall into place.

C-Suite Strategies
Jun 19, 2021