Propy (PRO): how it works, supply and reviews
In short
- Type
- Real estate title and escrow platform with AI and blockchain tools
- Maximum supply
- 100,000,000 PRO, all already issued
- Risks and caveats
- PRO gives no ownership, governance or profit rights; it is only used to pay for services.
- Checked
- 1 November 2026
Visitor ratings: do you like Propy?
Key facts
- Ticker
- PRO
- Official site
- propy.com
Key facts checked on 1 November 2026 against official sources.
What is Propy
Propy is a US real estate closing platform that offers title and escrow services with AI tools and blockchain records. It is run by Propy, Inc., a Delaware corporation founded in 2015 and based in San Francisco. Its PRO token is an ERC-20 utility token used to pay for some platform services.
Network and consensus
| Parameter | Details |
|---|---|
| Type | Real estate title and escrow platform with AI and blockchain tools |
| Runs on | PRO is an ERC-20 token on Ethereum |
| Smart contracts | NFT transactions on the Propy site use smart contracts on the Ethereum blockchain |
| Crypto escrow | Crypto paid into escrow is held with Coinbase custody during closing (service announced October 2024) |
Supply and issuance
| Parameter | Details |
|---|---|
| Maximum supply | 100,000,000 PRO, all already issued |
| Initial distribution | Planned split: sales pool 35%, network growth pool 35%, company pool 15%, donation pool 15% |
| Held by issuer | As of August 2025 the issuer still holds 15% of the sales pool, 55% of the network growth pool and 30% of the company pool |
| Token sale | The 2017 token sale raised over $16 million, according to Propy |
| Further sales | The token sale is complete and no further token sales are planned |
What PRO is used for
- Pay service fees on the Propy platform, for example minting a property address NFT (about $10 in PRO).
- Propy may charge fees for some services in PRO.
- PRO gives no ownership, governance or profit rights.
Who develops and governs Propy
- Company
- Propy, Inc., a Delaware corporation
- Headquarters
- 490 Post Street, San Francisco, California
- Registration date
- Propy Inc. registered on 23 April 2015
- Licence / registration
- Propy said in May 2024 it held title and escrow licences in 3 US states
- Licensed states
- Propy says PRO workflows connect with licensed providers in Arizona, Colorado and Florida
- EU white paper
- Propy published a MiCA crypto-asset white paper for PRO (August 2025); the paper says no EU authority approved it
History
| Date | Event |
|---|---|
| 23 April 2015 | Propy Inc. is registered. |
| 2017 | Propy runs its PRO token sale. |
| 2017 | An apartment in Kyiv becomes the first property sold using blockchain technology, according to Propy. |
| 9 June 2021 | Propy mints and auctions what it calls the first real estate NFT. |
| 24 October 2024 | Propy announces a crypto escrow service using Coinbase Prime custody. |
| 13 August 2025 | Propy and Morpho announce the Propy USDC Vault for real estate DeFi loans. |
| 18 August 2025 | Propy Inc. issues version 4.0 of its PRO white paper under the EU MiCA format. |
| 16 September 2025 | PRO begins trading on Kraken. |
Security and audits
- Propy's white paper says an audit of the PRO token contract was completed in July 2025 and found no critical bugs or vulnerabilities.
Security incidents
No security incident is recorded in the sources checked on 1 November 2026 (the company’s own channels and incident databases): defillama.com/hacks, hacked.slowmist.io/search, rekt.news/leaderboard, propy.com/browse/post-sitemap.xml, propy.com/home/static/PropyWhitepaper2025.pdf
Risks and caveats
- PRO gives no ownership, governance or profit rights; it is only used to pay for services.
- Propy's EU white paper was not approved by any EU authority; the issuer alone is responsible for its content.
- Some Propy services are restricted in certain US states and countries, and identity checks apply.
- NFT transactions may be irreversible, and losses from fraud or mistakes may not be recoverable.
Official links
- Website: propy.com
- Whitepaper: propy.com/home/static/PropyWhitepaper2025.pdf
- Blog: propy.com/browse
Questions and answers
What is Propy?
Propy is a US real estate closing platform offering title and escrow with AI tools and blockchain records, run by Propy, Inc., a Delaware corporation.
What is the PRO token used for?
PRO is an ERC-20 token used to pay for some Propy services, such as minting a property address NFT. It gives no ownership, governance or profit rights.
What is the total supply of PRO?
100,000,000 PRO, all already issued, according to Propy's 2025 white paper.
When was Propy founded?
Propy Inc. was registered on 23 April 2015. The PRO token sale took place in 2017.
Is the PRO token approved in the EU?
Propy published a MiCA white paper in August 2025. The paper itself says it was not approved by any EU authority.
Sources
- Propy - Home
- Propy - Terms and Conditions
- Propy Token (PRO) White Paper, version 4.0 (August 2025)
- Propy blog - How to Buy Propy Tokens (PRO) (2019)
- Propy blog - Two Years After Its Token Sale (2019)
- Propy blog - Propy Celebrates Two Years Since Its Token Launch (2019)
- Propy blog - Propy Successfully Auctions World's First Real Estate NFT (2021)
- Propy blog - Propy X Coinbase Prime crypto escrow (2024)
- Propy blog - 2024-2025 Roadmap
- Propy blog - Propy and Morpho (2025)
- Propy blog - Propy Achieves MiCA Compliance (2025)
- Propy blog - PRO Token Launches on Kraken (2025)
More in this section
- Blockpass (PASS)
- Obyte (GBYTE)
- Uquid Coin (UQC)
- Ardor (ARDR)
- Blocknet (BLOCK)
- VeriDoc Global (VDG)
- All Crypto projects →
How voting works
Votes are anonymous and carry no text. Each device has one vote per item; press the same button again to remove it. Cloudflare Turnstile checks that a person is voting. We keep a random device ID in a cookie and a salted hash of the IP address to limit abuse — no names, no accounts. Votes are visitors’ opinions, not investment advice.
Page updated: