To make an international Real-Estate purchase, individuals need to work with multiple intermediaries including Brokers, Escrow services, Land Registry Services, as well as Money Transmitters. Piles of paperwork need to be compiled and signed.

Serious fraud happens on a regular basis due to confusing or malicious legal agreements. Property transfer requires months of waiting. This inefficient communication significantly hinders liquidity, reducing potential value for buyers and sellers.

Propy aims to solve the problems facing international real estate transactions by creating a novel unified property store and asset transfer platform for the global real estate industry. Initially the Propy Registry will mirror official land registry records in which transfers of real estate are recorded.

Ultimately, however, Propy’s vision is that jurisdictions will adopt the Propy Registry as their official ledger of record such that the transfer of a property on the Propy Registry constitutes the legal transfer of the property and the legal registration of that transfer.