Summary: Propy is shaking up real estate by letting buyers use crypto to snag tokenized properties, starting with a $250K condo in Hawaii on January 29. With instant loans backed by Bitcoin, Ethereum, and the property itself, this is real estate done fast and futuristic.
Propy just changed the real estate game. The company now offers crypto-backed loans to buy tokenized properties, letting buyers skip the boring 30-day wait. Instead, you can close the deal almost instantly. First up? A $250K beachfront condo in Honolulu, Hawaii, going live on January 29.
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Here’s how it works: You pay in Bitcoin or Ethereum, use the property as collateral, and snag a loan at a 10% interest rate. The kicker? Once you repay the loan, you get your crypto back. So, if you’re diamond-handing your Bitcoin but still want a sweet new pad, this is the move.
The condo, located at 410 Atkinson Drive, comes with luxe hotel-style perks like a pool, gym, and concierge. It’s being sold as a tokenized asset, meaning ownership is locked in on the blockchain. Transactions are fully transparent, so no sketchy business here.
And forget the old-school hassle. Propy’s platform handles everything—no lawyers, brokers, or title companies needed. You can check the inspection report, bid, and close the deal in minutes. It’s fast, it’s smooth, and it’s 100% online.
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Propy is already licensed in Florida, Colorado, and Arizona, and according to CEO Natalia Karayaneva, this isn’t just a cool new feature; it’s the future of real estate.