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atalia Karayaneva, Propy’s chief executive, unveiled the company’s latest leap: Agent Avery, an AI escrow officer that promises to overhaul the U.S. title market, worth roughly $25 billion. Propy has just committed $100 million to modernize the industry and to launch Avery, a fully autonomous agent that can close real‑estate deals end‑to‑end.
The title and escrow system remains one of the most antiquated in finance. In North America there are over 24,000 title firms, many of them single‑owner operations. The process is paper‑heavy, slow, and rife with fraud—63 % of agents reported title fraud last year, climbing to 92 % in the Northeast. Propy’s strategy is to acquire high‑performing title and escrow companies in key states—California, Texas, Florida—and retrofit them with AI and blockchain technology, turning paper‑based closings into secure, automated digital workflows.
Avery is not a simple chatbot. Trained on thousands of real‑estate transactions, she handles every escrow duty: drafting contracts, ensuring compliance with RESPA, managing communications, processing payments in both crypto and fiat, and recording all actions on‑chain for auditability. In traditional closings, more than two‑thirds of an officer’s time is spent on repetitive tasks such as lien searches, mortgage payoffs, and document verification. Avery automates nearly all of these, cutting workloads by about 40 % and enabling agents to close more deals without hiring extra staff. She operates 24/7 via natural text or voice, and her legal and regulatory training makes her both autonomous and trustworthy—an essential foundation for the next generation of AI professionals.
Propy envisions Avery evolving into a licensed entity, mirroring how some governments have granted official status to AI systems. By tying Avery directly to real‑world transactions and financial flows, Propy creates a bridge between digital intelligence and physical property.
The broader vision is to make real estate programmable. By combining AI with blockchain, Propy has built a decentralized agent that not only processes data but executes legally binding actions tied to tangible assets. This marks one of the first true AI‑RWA integrations, enabling homes to transact instantly, globally, and securely on‑chain.
Financing these innovations comes from a mix of traditional lenders and on‑chain private credit. Propy’s $100 million expansion is backed by crypto‑collateralized loans from Morpho, the largest decentralized lending network on Base. DeFi is now funding real‑world property consolidation at scale, allowing capital to move faster and more securely through an industry that has long been slow and opaque.
Founded in 2017, Propy has already processed more than $4 billion in digital real‑estate transactions. Its acquisition plan targets mid‑sized regional firms with revenues between $5 million and $50 million, giving them instant access to advanced AI and blockchain tools. This consolidation turns a fragmented, low‑margin industry into a high‑tech, high‑efficiency network where every transaction can be verified, automated, and completed in real time. Morgan Stanley projects that AI could automate 37 % of real‑estate tasks, unlocking $34 billion in efficiency gains by 2030—Propy is building that future now.
Agent Avery’s launch signals a turning point for both AI and blockchain. It demonstrates that decentralized AI agents can assume trusted, regulated roles in handling real‑world assets, not just simulate human reasoning but perform the work itself. For anyone who has ever wrestled with piles of home‑buying paperwork, the next time you close on a property, your agent might be an AI named Avery—an on‑chain teammate that makes real estate truly real‑time.
