Crypto adoption in real estate accelerated significantly in Q3 2024, with leads increasing 25% driven by crypto-friendly policies.
Key market insights:
- 94% of crypto buyers were US-based
- Florida led the market, followed by California and Texas
- 10% of Q3 closings used digital assets
Digital asset breakdown for closings:
- USDC: 38%
- Bitcoin: 28%
- Ethereum: 25%
- XRP: 9%
The surge reflects growing mainstream acceptance of cryptocurrency in traditional real estate transactions, particularly in states with favorable regulatory environments.
🏠 Propy Co-founder Speaks at Abu Dhabi Blockchain Summit on Real Estate Tokenization

**Propy Co-founder Denitza is presenting at the Global Blockchain Summit in Abu Dhabi today**, discussing the future of blockchain-based home ownership. **Real estate tokenization has moved from concept to reality**, with the company positioning itself at the forefront of this transformation. Key developments: - Live presentation on blockchain home buying and ownership - Focus on tokenized property solutions - Part of ongoing global speaking tour including recent Binance Blockchain Week Dubai The timing reflects growing institutional interest in real world asset tokenization, particularly in real estate markets.
🏠 Propy Brings Crypto Real Estate to Art Basel Miami

**Propy showcased crypto-powered real estate at Art Basel Miami** with their branded truck featuring Agent Avery and QR codes for instant property transactions. The company positioned real estate ownership as the ultimate art form, emphasizing their ability to: - Accept cryptocurrency payments - Close property deals in minutes - Make real estate transactions as accessible as scanning a QR code This Miami activation follows Propy's recent Times Square debut and $100M U.S. expansion announcement, highlighting their mission to transform traditional real estate into a liquid, 24/7 digital asset through blockchain technology.
🏠 $100M Partnership Scales

**Partnership expansion** between real estate platform and MorphoLabs reaches new milestone with $100M AI roll-up deployment. **Key developments:** - Onchain loans through MorphoLabs now backing large-scale real estate financing - Capital flowing into Real World Assets (RWAs) via DeFi infrastructure - Enhanced liquidity and composability for real estate transactions **Infrastructure impact:** - Credit rails being established for onchain real estate - Liquidity infrastructure connecting DeFi and property markets - Integration of trusted lending protocols with real estate ecosystem The collaboration builds on earlier partnership announcement focusing on lending vaults and crypto loan products tied to home closings.
**$PRO Token Goes Live on Kraken Exchange**
**$PRO token is now trading on Kraken**, marking a significant step in bringing real estate onchain. The token powers: - Property title transfers - Escrow services - Real estate transactions This listing makes real estate a **programmable and accessible asset class** through global digital markets. **Market Evolution** Payments evolved from checks → cards → stablecoins Markets shifted from local → electronic → programmable Now **ownership itself is moving onchain** The integration represents infrastructure that's both live and regulated, available on one of the world's most trusted crypto platforms. [Explore $PRO on Kraken](blog.kraken.com/product/asse)