Propy Introduces Blockchain-Powered Real Estate Technology in Japan

Asia Blockchain Review
September 15, 2019
Propy Introduces Blockchain-Powered Real Estate Technology in Japan

Propy, a blockchain startup headquartered in Palo Alto, California, announced its partnership with Escrow Agent Japan (EAJ), the biggest escrow service provider in Japan

The partnership will introduce the startup’s property technology (PropTech) services in Asia, according to a recent report by National Mortgage Professional Magazine.

PropTech Platform Expands to Asia

Propy revealed that the partnership with EAJ is the firm’s first step in expanding to Asia. Prior to the announcement, Propy received an investment from Second Century Ventures — a fund with a focus on real estate technology that is supported by the National Association of Realtors. 

Propy CEO Natalia Karayaneva expressed confidence in the Japanese real estate market, especially in combining it with the use of distributed ledger technology (DLT).

“This year in April, we introduced our technology to the Japanese market for the first time by successfully completing two blockchain-based real estate deals which validated the flexibility of the platform for its future global expansion,” Karayaneva said. 

“While we’ve been focusing on the US market, the Japanese market, being historically innovative, is a natural choice for the first step in global expansion.”

Bringing Blockchain & Digital Assets to Real Estate

Apart from providing functionality for real estate listings, Propy can support various cryptocurrencies and uses distributed ledgers for legal processes, including smart contracts to manage payments and property deeds. 

The company is present in many countries worldwide, from the United States and Japan to  Spain, Bulgaria, and Ukraine. 

Earlier in February 2018, Propy carried out a pilot project with the City Clerk’s Office of South Burlington, Vermont to use DLT in recording real estate conveyance documents. The transaction was successfully executed on the Ethereum blockchain.


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Defending Truth with Blockchain – Eliminating Fake News
    The business of journalism is under attack and Blockchain can help regain trust between the publishe...

    August 10, 2020

    Mainstreaming Of Cryptocurrency Investments? An Exploration
    While the security and the regulation is well chronicled. The big question that needs to be answered...

    August 10, 2020

    The 5G Pandora Box: An Ultimate Kingmaker
    Unlike WWII which had sheer military might as its focal point, digital technologies such as 5G would...

    August 9, 2020

    Cyber Attacks In India Surge In Post Border Face Off
    The clashes between Indian and Chinese troops at Galwan valley that took the lives of soldiers from ...

    August 8, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us