Blockchain and AI-based real estate company Propy announced this week that millionaire entrepreneur and equity fund manager Grant Cardone has listed his mansion in Golden Beach, Fla., on its site. The asking price is $42 million, and cryptocurrency is accepted.
The home is listed on the Propy marketplace, and the deed is minted on-chain.
The company employs a decentralized title registry and an escrow settlement protocol for storing land records, facilitating transactions, and accepting or converting cryptocurrency. Leveraging the immutability of the blockchain, Propy ensures that buyer and seller private information is secure throughout the transaction. The company said that automating and bringing the entire process online and on-chain enables closing on a property to be faster, easier, and more secure than the outdated, traditional real estate transaction model.
“We are all in on blockchain revolutionizing real estate. We are leveraging top-tier technology to make transactions seamless and unstoppable,” Cardone said. “This is the future of real estate, and we’re leading the charge.”
The private address is minted on PropyKeys protocol – an on-chain tokenized address market developed on the Base network (Coinbase Layer 2 on Ethereum). PropyKeys brings real estate on-chain through NFT home addresses and aims to bring one million home addresses on-chain by 2025. The Propy marketplace also allows prospective buyers to pay using bitcoin or U.S. dollars.
“It is a privilege for us to be the platform of choice for high-end property sellers, enhancing our offering to our community of high net-worth individuals, investors, and crypto buyers,” Propy founder and CEO Natalia Karayaneva said. “With our advanced blockchain rails, compliant crypto and dollar payments, and unwavering focus on privacy, our clients can confidently navigate the closing process. The inclusion of Cardone’s listing in BTC and USD, minted with our latest privacy deed feature, highlights our leadership in the intersection of real estate and crypto.”
Propy is a US-licensed title company and platform that leverages blockchain and AI technology to facilitate transactions of real-world assets. It is specifically focused on revolutionizing global real estate markets.