Miami, Florida – July 18, 2024
Propy, the fastest-growing real estate tokenization platform, has entered into a strategic partnership with Parcl, a renowned DeFi protocol known for its advanced real estate data integrations. This collaboration marks a significant milestone in our mission to innovate the real estate industry.
Propy and Parcl are Joining Forces
Propy will use Parcl’s cutting-edge data integrations to advance the analytics capabilities for all onchain real estate assets minted through PropyKeys. We hope to offer more thorough and accurate real estate analytics by integrating Parcl’s cutting-edge technology, further establishing our position as a pioneer in the tokenization of real estate assets.
At Propy, we’ve always aimed to improve the real estate market’s accessibility, efficiency, and transparency. Over $10 billion worth of U.S. homes have already been minted and are ready for tokenization within the Propy ecosystem. The total value of properties minted on PropyKeys is projected to exceed $50 billion by the end of the year. PropyKeys has added over 200,000 addresses to its blockchain, including 80,000 in the U.S. minted by the actual property owners. This partnership grants Propy access to the Parcl Labs advanced programming interface (API). By utilizing Parcl’s valuation and analytics tools, Propy aims to bring more real estate markets onchain. To access the API, Propy has staked Parcl’s $PRCL token.
Our partnership with Parcl is evidence of our dedication to quality and ongoing innovation. Together, we are set to transform the landscape of onchain real estate, offering unprecedented value and insights to our users.
What Does this Mean for Propy Users?
To date, a total of 17.5 million Parcl housing insights have been extracted from the API by a diverse range of users, including traders, banks, hedge funds, builders, and major media outlets.Parcl’s technology also underpins the Parcl Protocol, which offers liquid exposure to global housing markets.
With Parcl’s advanced analytics and real-time housing data, Propy customers will benefit from unparalleled accuracy and transparency in property valuations. This widely utilized data is now available for Propy to enhance its valuation and analytics capabilities related to the PropyKeys initiative. As such, Propy users will have the most advanced resources at their disposal to successfully navigate the onchain real estate market.
What is Parcl?
Parcl is a DeFi protocol enabling users to trade on the price movements of global real estate markets. Users can explore different markets, access detailed insights, and trade based on their predictions of property values. The Parcl Protocol is driven by the Parcl Labs Price Feed, which provides daily updates on the median price per square foot or meter at city and neighborhood levels. Parcl seamlessly merges traditional real estate investments with blockchain technology, delivering data-driven solutions for the modern investor.
The CEOs Talk
“Propy’s mission has always been to elevate and secure the real estate market, and our partnership with Parcl is taking this vision to the next level.”,
says Natalia Karayaneva, CEO of Propy.
Trevor Bacon, CEO of Parcl, shared:
“We are excited about the potential to power other onchain applications by leveraging Parcl Labs data. Propy is a leader in the RWA space and continues to push the boundaries of what can be achieved by bringing physical real estate onchain. We expect the partnership to unlock more use cases for Propy and demonstrate what is possible for others looking to innovate in the real estate space.”
Join our community channels
X (Twitter) | Discord | Instagram | Telegram | Facebook | LinkedIn
