We’re excited to roll out our Propy Crypto Escrow Service, built to facilitate seamless and secure high-value transactions—like real estate closings and M&A deals—using Bitcoin, Ethereum, or USDC. With this new service, crypto holders can now rely on the trusted infrastructure of Coinbase Prime to ensure their digital assets are safely held in escrow during the transaction process.
Crypto adoption is skyrocketing, with over 50 million Americans engaging in the space and more than 400 million active wallets globally as of last year. As digital assets increasingly become part of mainstream wealth portfolios, the need for services that bridge crypto with real-world assets has never been more pressing.
In 2021, more than 12% of first-time homebuyers in the U.S. used cryptocurrency to help fund their purchase. Now, we’re addressing the growing demand for an easier and safer way to use crypto in real estate transactions. Our new crypto escrow service ensures that buyers can hold their assets securely without needing to convert them to fiat too early—avoiding capital gains taxes or the headache of repurchasing crypto if a deal falls through.
How It Works: Crypto Escrow Made Simple
Here’s what makes Propy Crypto Escrow different:
Secure Custody with Coinbase Prime: Once the purchase agreement is in place, funds are held securely in custody until the closing date. This mitigates the risk of price fluctuations and provides buyers the peace of mind that their assets are protected.
Avoid Premature Conversion: Typically, converting crypto to fiat before closing can lead to unexpected taxes or missed opportunities if the deal doesn’t proceed as planned. Our escrow service allows for the crypto exchange to take place only at the final settlement.
Streamlined Closing Experience: Our advanced closing protocol ensures a transparent, compliant, and efficient process for all parties.
Simplifying High-Value Transactions for the Web3 World
Traditionally, US escrow and title companies lack the infrastructure to accommodate cryptocurrency. By integrating with Coinbase Prime, we’re bridging this gap, offering a compliant framework that brings real estate transactions into the Web3 space. Buyers and sellers can now complete deals confidently, knowing their funds are held securely and can be converted to fiat at the close.
This isn’t just about facilitating payments—it’s about transforming how the closing process works to meet the needs of today’s crypto-savvy buyers and sellers. We’re continuing to build solutions that adapt to the new digital economy, and this is just the next step on our journey to reshape real estate.
What’s Next?
As more high-value assets move onchain, our focus remains on developing tools that make real-world transactions as seamless as possible. The future of real estate is digital, and we’re here to make that future a reality, one secure closing at a time.
For more details on using crypto for your next real estate transaction, check out our website or reach out to our team.
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