FOR IMMEDIATE RELEASE:
Escrow Agent Japan Co., Ltd.
Palo Alto, CA: Today, Propy, Inc. (Propy) announced a new partnership with Escrow Agent Japan Co. (EAJ), the largest escrow service provider in Japan. This partnership will help Propy expand to the Japanese market and, together with EAJ, build a transaction platform equipped with blockchain recording functionality for the local real estate market.
The goal of the partnership is to develop an international real estate transaction management solution that will prevail in Japan. By combining technology and expertise, the companies aim to reduce the amount of time that real estate professionals spend on property registration processes at the Legal Affairs Bureau of Japan. Additionally, the platform will ensure that transactions are secure – 24 hours a day, 7 days a week.
“Last April, we introduced our technology to the Japanese market for the first time by successfully completing two blockchain-based real estate deals,” says Natalia Karayaneva, CEO at Propy, Inc. “By partnering with Escrow Agent Japan Co., we expect to get even higher international exposure.”
About Propy: Propy is the world’s leading international real estate transaction platform that aims to solve the problems of purchasing and selling properties across borders via blockchain technology. Propy facilitates connections between international entities to enable the seamless purchasing of real estate entirely online, without the need for in-person meetings.
About EAJ: EAJ is the leading escrow service provider in Japan. The company offers “H’OURS,” a unique cloud-based service that connects all real estate parties that are involved in the property closing process via EAJ’s cloud system. With H’OURS, the real estate transaction process can be completed entirely online.
Inquiries about Propy Inc.
■ Propy, Inc.
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Inquiries about Escrow Agent Japan Co., Ltd.
■ Escrow Agent Japan Co., Ltd.
Inquiries about H’OURS
■ Escrow Agent Japan Co., Ltd. Real Estate Division