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Case Study

Crypto Built the Skyline

How Hotel ORA partnered with Propy to handle escrow for their entire pre-construction pipeline, with buyers free to deposit in USDC, ACH, or wire

In 2025, Propy Title partnered with Hotel ORA + Private Residences, a $675 million, 39-story luxury condo-hotel rising near Tampa's Water Street district,

to handle all incoming pre-construction contracts for one of the most ambitious pre-construction launches in Florida. Buyers can now deposit in USDC stablecoin, ACH, or traditional wire, all routed through one platform, with deposits held through construction completion in 2029.

Developed by ARC Tampa Development LLC and Prosper Group, Hotel ORA features 627 hotel-condo units and 31 private residences, with amenities including a rooftop heliport, infinity-edge pool, signature steakhouse, luxury spa, and 15,000 sqft of convention space.

The challenge was simple to state and harder to solve:

A growing buyer pool wanted to deposit in USDC and other digital assets.

Buyers needed a way to deposit funds 24/7, on weekends, from anywhere in the world, without wire fraud risk

Propy was built for exactly this. As a licensed title and escrow agency with native crypto rails, AI-powered operations, and USDC yield capability, Propy delivered all three buyer paths under one roof.

The Challenge

A turnkey investment needs a turnkey closing platform

ORA's value proposition is unusually strong:

a luxury hotel-residence in downtown Tampa where owners can Airbnb their units, with all amenities of a five-star hotel. That story attracted a wave of buyers holding significant USDC reserves.

The Result

The group wanted to deploy their stablecoin position directly into ORA units. The buyers had the capital. ORA had the inventory. The closing infrastructure was the missing piece.

A Developer's Perspective

ORA's team wasn't looking for a single-purpose crypto solution. They wanted a closing platform that handled every kind of buyer with the same rigor.

"A recent collaboration with Propy Title and Escrow Agency has opened new doors for customers who want to use cryptocurrency in their real estate investments."

Luigi Novembre

COO and Co-Founder,
ARC Realty Group

The Propy Solution

Once the first wave of crypto-funded deposits flowed through Propy’s platform, ORA expanded the relationship into an exclusive escrow agreement covering all incoming contracts. The full Propy stack came online for the project.
Buyers complete KYC, source-of-funds, and proof-of-funds verification through the platform, send a test transaction, and deposit their earnest money in USDC or other supported assets. Propy’s licensed escrow operation handles conversion and custody.
Buyers who prefer to pay in cash deposit via secure ACH or wire through the same Propy interface. No separate workflow, no parallel systems. The developer and the buyer both see the same real-time payment dashboard.
Developers and their teams have a live view of the full deposit pipeline — every buyer, every payment status, every balance — through Propy’s escrow dashboard. Full reporting is available for accounting, investor relations, and construction milestone tracking. No more chasing the escrow company for a spreadsheet.
Propy’s record from contract signature to EMD received is under 4 minutes. The deposit process is fully mobile, available 24/7, and replaces vulnerable wire instructions with secure ACH or crypto rails. Since 2024, $12.5B has been lost to wire fraud across the industry; digital EMD eliminates that exposure.
Once a purchase agreement is executed, Propy’s AI automation opens escrow within 5 minutes — no manual processing, no waiting on banking hours. The moment both parties sign, the transaction is live.
Contracts are executed, signed, and tracked inside the same platform. DocuSign is embedded directly — no forwarding documents to a separate system. Every party (buyer, seller, developer, agent) receives real-time status notifications at each milestone, eliminating the follow-up emails and status calls that slow pre-construction pipelines.
Propy auto-populates contractual documentation from buyer data collected during the KYC and intake process. Fewer manual errors, faster turnaround, and a cleaner audit trail for every transaction in the pipeline.
Propy handles brokerage commission wire payments at closing, removing one more coordination point from the developer’s plate. All disbursements — buyer, seller, agent — processed through the same platform.
With construction completion in 2029, deposits would otherwise sit dead in a low-yield account for years. USDC escrow with Propy can earn up to 6% APY during the construction cycle — roughly 2x what a traditional bank escrow yields. For a $675M project with a multi-year deposit pipeline, that’s meaningful capital working instead of waiting.

Avery

AI Escrow Assistant

Why It Matters

Optionality is the Product

For ORA, partnering with Propy isn't about replacing traditional closings. It's about expanding the listing's surface area so no qualified buyer is turned away based on how they hold value.

For crypto holders

Deposit directly in USDC without liquidating a position or triggering unnecessary tax exposure. Pay through the same platform that handles every other buyer.

For international buyers

Skip the cross-border banking maze. SWIFT wires take 3–5 days and have high failure rates from key regions. USDC settles in seconds, 24/7, regardless of which country issues the buyer's bank account.

For traditional cash buyers

Nothing changes. ACH and wire remain available with full title coverage and the same Propy escrow, plus the convenience of a 24/7 mobile-first deposit experience.

For the developer:

A single platform reaches a meaningfully larger buyer pool, with one escrow workflow handling all routes. Capital can earn yield during construction instead of sitting idle. The marketing reach of Propy's 1M+ global community is unlocked alongside the closing infrastructure.

"Propy's team provides 24/7 support for international buyers navigating KYC, proof-of-funds, and deposit logistics — across time zones, regardless of when the deal moves."

– Propy team

How It Works

How the Crypto Escrow Flow Actually Works

Five steps. End-to-end. Through one platform.

#1

KYC and identity verification completed online through the Propy platform.

#2

Source-of-funds and proof-of-funds review by Propy's escrow team, satisfying full compliance requirements.

#3

Test transaction to confirm wallet connectivity and routing.

#4

Earnest money deposit in USDC sent to Propy's licensed escrow account, with real-time confirmation visible to both buyer and developer.

#5

Funds held in escrow through the deposit schedule, with the option to earn yield in USDC during the multi-year construction period.

Every step is visible in real time. No phone tag, no banking hours, no wire instructions sitting in an inbox waiting to be hijacked.

Developers

Get in Touch with Propy

Developers building luxury and pre-construction projects who want to accept crypto deposits, earn yield on escrow capital, and tap a 1M+ global buyer pool, without rebuilding their compliance stack, are invited to connect with Propy.

Email us or book a call directly.