Core Insights - Propy plans a $100 million expansion to acquire mid-size property title firms in the U.S. to enhance efficiency in a manual-heavy industry using blockchain and AI [1][2] - The company aims to achieve a billion-dollar valuation as a tech firm through these acquisitions [1] - Propy has processed $4 billion in digital real estate transactions, leveraging AI to automate processes [4] Industry Overview - The real estate tokenization market is valued at $25 billion and is predominantly paper-based, with nearly 7,000 firms involved, many being small businesses [3] - Title firms are responsible for verifying property ownership, issuing title insurance, and managing legal ownership transfers during transactions [2] Technological Innovations - Propy's AI escrow agent, Agent Avery, is designed to reduce inefficiencies in escrow processes, potentially saving 40% of the workload for agents [5] - The company is integrating blockchain technology and AI to streamline operations, reduce fraud, and expedite transaction closing times [4] Strategic Developments - Propy has engaged a mix of traditional and onchain lenders, including decentralized finance platform Morpho, to fund its M&A activities [1] - The advisory board has been strengthened with the addition of notable figures, including former U.S. Treasury official Chris Campbell and ex-SEC Commissioner Michael Piwowar [6]