[Crypto projects](https://revain.org/projects/) › Propy

# 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

## Key facts

- **Ticker**: PRO
- **Official site**: [propy.com](https://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](https://defillama.com/hacks), [hacked.slowmist.io/search](https://hacked.slowmist.io/search/), [rekt.news/leaderboard](https://rekt.news/leaderboard), [propy.com/browse/post-sitemap.xml](https://propy.com/browse/post-sitemap.xml), [propy.com/home/static/PropyWhitepaper2025.pdf](https://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](https://propy.com/)
- Whitepaper: [propy.com/home/static/PropyWhitepaper2025.pdf](https://propy.com/home/static/PropyWhitepaper2025.pdf)
- Blog: [propy.com/browse](https://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](https://propy.com/home/)
- [Propy - Terms and Conditions](https://propy.com/browse/terms-and-conditions/)
- [Propy Token (PRO) White Paper, version 4.0 (August 2025)](https://propy.com/home/static/PropyWhitepaper2025.pdf)
- [Propy blog - How to Buy Propy Tokens (PRO) (2019)](https://propy.com/browse/how-to-buy-propy-tokens-pro/)
- [Propy blog - Two Years After Its Token Sale (2019)](https://propy.com/browse/two-years-after-its-token-sale-propy-launches-its-propy-blog/)
- [Propy blog - Propy Celebrates Two Years Since Its Token Launch (2019)](https://propy.com/browse/propy-celebrates-two-years-since-its-token-launch/)
- [Propy blog - Propy Successfully Auctions World's First Real Estate NFT (2021)](https://propy.com/browse/propy-successfully-auctions-worlds-first-real-estate-nft/)
- [Propy blog - Propy X Coinbase Prime crypto escrow (2024)](https://propy.com/browse/propy-launches-crypto-escrow-service-with-coinbase-prime-integration/)
- [Propy blog - 2024-2025 Roadmap](https://propy.com/browse/propy-2024-2025-roadmap-the-year-of-the-onchain-real-estate-movement/)
- [Propy blog - Propy and Morpho (2025)](https://propy.com/browse/morpho-and-propy-join-forces-to-bring-real-estate-onchain/)
- [Propy blog - Propy Achieves MiCA Compliance (2025)](https://propy.com/browse/propy-achieves-mica-compliance-a-signal-for-real-assets-onchain/)
- [Propy blog - PRO Token Launches on Kraken (2025)](https://propy.com/browse/propy-pro-token-launches-on-kraken/)

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Page updated: 2026-11-01

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Source: https://revain.org/projects/propy/