Propy Announces a $100M Agentic M&A Expansion to Bring Housing Market Onchain

Propy today announced a $100 million expansion to modernize the $25B U.S. title industry and simultaneously debuted Agent Avery, the first AI escrow officer for real estate closings. With a mixed financing package integrating private credit with blockchain-based DeFi loans, the company is acquiring title firms nationwide. It will then upgrade those firms to faster, safer and fully digital closings, all powered by Propy’s groundbreaking AI–powered, onchain model.

The title and escrow industry remains one of the last analog strongholds in the US, fragmented across nearly 7,000 firms. Last year, 63% of REALTORS® reported title fraud in their markets, with those in the Northeast reporting a 92% rate. Propy’s strategy: acquire profitable firms in states like California, Texas, and Florida, to digitize their operations with AI and blockchain infrastructure.

“Real estate has had every kind of digital upgrade except the one that matters most, how deals actually close,” said Natalia Karayaneva, CEO of Propy. “By automating the closing process itself, we’re cutting out inefficiencies that have slowed this industry for decades. The productivity gains with AI are on par with what fintech did for banking.”

Meet Agent Avery: The First AI Escrow Officer

Built to eliminate manual work that consumes nearly 70% of an escrow officer’s time, Avery handles contracts, compliance, communications and escrow in traditional and crypto payments. Trained on Propy’s proprietary dataset from thousands of transactions, Avery is fluent in RESPA regulations and real estate law, ensuring every closing stays compliant. Available 24/7, via natural voice or text interactions, the system has been shown to reduce workloads by 40%, enabling agents to handle more deals per year, with a seamless, five-star client experience for buyers and sellers.

“Agent Avery and our acquisition strategy give us a path to scale nationwide, transforming closings into a faster, AI-driven experience built for modern buyers”, added Natalia Karayaneva, CEO.

M&A: Turning a Fragmented services into high-tech, high-margin business operations

Founded in 2017, Propy has processed over $4B in digital real estate transactions and operates as a licensed title company with AI automation at its core. After validating its model through early acquisitions, the company has now identified a clear path to scale by consolidating mid-sized, profitable regional firms. It is targeting firms with $5M–$50M in revenue and strong local roots. Propy offers them an instant tech upgrade, greater efficiency, and nationwide scalability through its AI-powered platform, giving local firms access to modern tools and a competitive advantage at the national level.

DeFi Meets Real Estate 

The financing marks one of the first real-world examples of onchain private credit driving M&A in a core U.S. financial market. Part of the $100M financing was secured with crypto-backed loans powered by Morpho, the largest DeFi lending network on Base, with over $12B in total deposits across more than 20 blockchains.

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

Advisory Board Growing, Led by Key Regulatory and Financial Markets Leaders

Propy is adding Chris Campbell (former Assistant Secretary of the U.S. Treasury) and  Mike Jones (Science Inc.) and to its advisory board, joining Dr. Michael S. Piwowar (former SEC Commissioner) and Michael Casey (former Chief Content Officer, CoinDesk, MIT) to guide Propy’s regulatory and capital structuring. The company is backed by Tim Draper.

“There’s a clear institutional appetite for innovation in real estate,” said Dr. Michael S. Piwowar, executive vice president of Milken Institute Finance. “Propy’s use of AI automation and onchain infrastructure could redefine how property ownership is tracked and transacted in America.”