Startup Gets $100M to Move House Buying to Digital Records

A company called Propy just received $100 million to change how people buy and sell houses using new technology.

Propy wants to use something called blockchain (a super-secure digital record book that can't be changed or hacked) to make real estate deals happen faster and safer. Right now, buying a house involves tons of paperwork, multiple offices, and can take weeks or months.

Here's what Propy plans to do: • Put property records on blockchain so they can't be faked • Let people sign documents digitally from anywhere • Speed up the buying process from weeks to days • Make it harder for fraud to happen

The company has already helped people buy homes in several U.S. states using this technology. With the new $100 million, they plan to expand to more areas and convince more real estate agents and governments to use their system.

Why this matters: If successful, buying a house could become as simple as buying something online. No more running around to different offices or worrying about lost paperwork. Everything would be stored safely in the digital blockchain, making home buying faster, cheaper, and more secure for everyone.

This is an AI-generated summary. Read the original article at: https://www.cnbc.com/2026/05/07/startup-propy-real-estate-deals-blockchain.html