Propy enters partnership with Escrow Agent Japan to create blockchain platform

September 11, 2019

With this partnership, the two companies will create a blockchain-enabled real estate service for Japan

Propy, a blockchain-based real estate platform, has announced a partnership with one of the leading escrow providers in Japan. In collaboration with Escrow Agent Japan, Propy will launch a blockchain-based real estate transaction platform to record sales with Japan’s Legal Affairs Bureau. This will remove the existing time lag for registration, fulfilling Propy’s promise of “24-hour, 365 days closing.

The companies will also cooperate on business development in Japan through EAJ’s H’OURS Operation Cloud, a digital platform for settling real estate deals that removes the need for face-to-face meetings. Finally, EAJ will provide Japanese localization support to Propy’s platform.

Natalia Karayaneva, CEO at Propy, sees a lot of potential in the Japanese market. “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,” she noted. “By partnering with Escrow Agent Japan Co., we expect to get scaling in Japan. 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.” 

Propy is a blockchain-based PropTech platform which uses DLT in several key applications to streamline real estate purchases. In addition to providing functionality for standard real estate listings, Propy also supports several cryptocurrencies such as BTC, ETH, XRP, and its own PRO token.

Read more here

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.

Blue Banner 899 Euros Madrid Ppw 2019

September 11, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Cooperrocketacq
Rocket to Acquire Mr Cooper Mortgage Service for $9.4 Billion

Rocket Companies has announced a $9.4 billion all-share deal to acquire Mr. Cooper, the largest mortgage servicer in the United...

Read More
Scout24 German Houses 1
Scout24 Closes Another Data-Focused Acquisition

Germany-based marketplace operator Scout24 has continued its expansion into real estate data with the acquisition of Austrian proptech firm ImmoUnited....

Read More
People Roundup 28Mar 2
People Roundup: Aviv Group, Pisos.com, Kleinanzeigen, REA India, Anjuke

There have been several high profile C-suite moves in this week's People Roundup. We'll start in Europe...   Europe: Aviv...

Read More
Product Update 2025Mar28 3
Product and Services Roundup: Zoopla, ViewIt

This week's Product Roundup starts in the UK, where it's all about Zoopla...   UK: Zoopla's MyHome product is used...

Read More

Editor's Pick