Natalia Karayaneva, CEO of Propy, with Agent Avery showcasing how AI will help close the deal with Real World Assets
Propy
I wish I had an AI Agent when buying my first house. It was supposed to be one of the most exciting milestones of my life, but instead, I found myself buried under piles of paper. Each step required another form, another signature, another delay. Even in a digital world, the home-buying process felt frozen in time.
That memory came rushing back when I read about Propy’s latest move. The company just announced a 100 million dollar expansion to modernize the 25 billion dollar U.S. title industry and launched something remarkable: Agent Avery, an AI escrow officer that can automate the entire real estate closing process.
This is more than just a real-estate-tech headline.
It represents a new frontier in how AI and real-world assets (RWA) come together. By merging onchain infrastructure with AI-driven automation, Propy may have built the first decentralized AI agent capable of managing real, tangible value and one that doesn’t just analyze or predict, but actually closes transactions. AI Agents have been built for gyms, and banking, but this is the first as an AI Escrow Officer.
The Paper Problem That AI Can Help Solve
The title and escrow process is one of the most outdated systems in modern finance. According to Rentechdigital, there are 24,028 title companies in North America as of May 2025 — a 0.5% increase since 2023. About 55% (13,270) are single-owner businesses, while the remaining 45% (10,758) belong to larger brands. Nearly 7,000 fragmented title firms operate across the United States, each handling massive amounts of paperwork and manual verification.
According to The National Association of REALTORS found that 63 percent of agents reported title fraud in their markets last year, rising to 92 percent in the Northeast.
Propy’s plan is to acquire high-performing title and escrow companies in major states like California, Texas, and Florida, and retrofit them with AI and blockchain infrastructure. The goal is to transform paper-based closings into digital, secure, and fully automated operations.
“Closing on a home is still a bureaucratic maze, while Gen-Z and Millennials expect digital, on-demand services,” said Natalia Karayaneva, CEO of Propy. “Avery and our acquisition strategy give us a path to scale nationwide, transforming closings into a faster, AI-driven experience built for modern buyers.”
Natalia Karayaneva, CEO of Propy, who has been a pioneer in Real Estate Real World Assets.
Propy
Meet AI Agent Avery: The First Decentralized AI Escrow Officer
Agent Avery is not a chatbot. She is an intelligent AI agent trained on thousands of real estate transactions to handle every step of an escrow officer’s job, from contracts and compliance to communications and payment processing.
In traditional closings, more than two-thirds of an officer’s time is spent on repetitive administrative work such as lien searches, mortgage payoffs, wire instructions, and document checks.
Avery automates nearly all of it.
She can process crypto and fiat payments, track deadlines, verify compliance with RESPA regulations, and maintain records onchain for audit transparency.
Working 24 hours a day through natural text or voice interactions, Avery reduces workloads by about 40 percent and allows agents to handle more closings per year without additional staff. She is trained to follow real estate law and compliance frameworks, making her both autonomous and trustworthy, which is a foundation for what could become the next generation of AI-powered professionals.
Agent Avery, the first AI Escrow Officer, introduced from Propy
Propy
Propy even envisions Avery evolving into a licensed entity in her own right, similar to how governments in countries like Albania have granted official status to AI systems. The difference here is that Avery is tied directly to real-world transactions and financial flows, creating a bridge between digital intelligence and physical property.
The Big Idea: AI Meets Real World Assets
Agent Avery’s debut is part of a much larger shift. The world of real-world assets, or RWAs, is expanding rapidly as companies tokenize and trade physical assets—homes, vehicles, carbon credits, even art—on blockchain networks. But until now, most of these assets required human intermediaries to complete compliance and settlement. Avery changes that.
“Our long-term vision is for real estate to become programmable; we’re laying the foundation for homes to transact instantly, globally, and securely onchain,” said Karayaneva.
By combining AI with blockchain, Propy has created a fully operational decentralized agent that not only processes data but executes legally binding actions tied to physical property. That makes Avery one of the first true AI-RWA integrations in the market.
AI Agent + Blockchain is the combination that makes Avery so effective.
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This is the moment when AI moves from interpreting the physical world to participating in it. An intelligent system like Avery doesn’t just assist humans; it becomes part of the economic fabric—reviewing contracts, ensuring compliance, and finalizing payments.
It is the same logic that underpins the future of decentralized autonomous organizations (DAOs) and AI agents in finance, but now applied to the most personal and impactful transaction most people ever make: buying a home.
Financing Real Estate Through DeFi And AI
Propy’s model extends beyond automation into how these deals are financed. The company’s 100 million dollar expansion is backed by both traditional lenders and onchain private credit, including crypto-collateralized loans from Morpho, the largest decentralized lending network on Base.
“Onchain private credit is a natural extension of crypto-backed loans,” said Merlin Egalite, cofounder of Morpho. “We’re excited to see how Propy leverages Morpho’s universal lending network to finance its expansion in real estate.”
Propy is impacting DeFi. For the first time, DeFi is funding real-world property consolidation at scale. The combination of onchain lending and AI automation makes it possible to move capital faster and more securely across an industry that has long been slow and opaque.
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This means that parts of Propy’s M&A activity like buying and upgrading title companies, are being financed directly through decentralized credit pools. For the first time, DeFi is funding real-world property consolidation at scale.
The combination of onchain lending and AI automation makes it possible to move capital faster and more securely across an industry that has long been slow and opaque.
A Glimpse of the Future of AI Agents Onchain
Founded in 2017, Propy has already processed more than four billion dollars in digital real estate transactions. Its acquisition strategy now aims to consolidate mid-sized regional firms with five to fifty million dollars in revenue, giving them instant access to advanced AI and blockchain tools.
By doing so, Propy converts a fragmented, low-margin industry into a high-tech, high-efficiency network where every transaction can be verified, automated, and completed in real time. Morgan Stanley projects that AI could automate 37 percent of real estate tasks and unlock 34 billion dollars in efficiency gains by 2030. Propy is not waiting for that future—it is building it.
Why Does An AI Agent like Avery Matter?
The launch of Agent Avery signals a turning point for both AI and blockchain. It shows how decentralized AI agents can take on trusted, regulated roles in handling real-world assets, not just simulate human reasoning but perform the work itself.
For anyone who has ever struggled through stacks of home-buying paperwork, this marks real progress.
The next time you close on a home, your agent might not be a person at all. It might be an AI Agent named Avery who can be your onchain teammate making real estate truly real-time.
