Miami, Florida - Propy, a company at the forefront of integrating blockchain technology into real estate transactions, announced today that Grant Cardone, an American entrepreneur, has listed his property in Golden Beach, Florida, on their platform. The property is listed for $42,000,000 and is open to cryptocurrency payments.
This listing represents Cardone's first foray into utilizing blockchain technology within the property technology (proptech) sector. Propy's platform aims to streamline the home-purchasing process by providing a decentralized title registry and an escrow settlement protocol, which enhances security and reduces the likelihood of fraudulent transactions. The platform also supports cryptocurrency payments, which can be converted as needed.
Propy leverages blockchain’s immutability to ensure the security of private information during transactions, making the closing process more efficient compared to traditional methods.
Commenting on this occasion, Grant Cardone noted the potential of blockchain to revolutionize real estate transactions, emphasizing the technology’s ability to facilitate seamless and resilient transactions.
The property's address has been tokenized using Propy's PropyKeys protocol, developed on the Base network, a Layer 2 solution on Ethereum provided by Coinbase. PropyKeys aims to introduce one million home addresses to the blockchain by 2025. Buyers have the option to make payments in Bitcoin or US dollars.
Natalia Karayaneva, Founder and CEO of Propy, emphasized the significance of high-value property listings on their platform. She highlighted Propy's commitment to privacy and security in real estate transactions, which appeals to high-net-worth individuals, investors, and cryptocurrency enthusiasts. Karayaneva acknowledged the inclusion of Cardone's property in both BTC and USD on Propy's marketplace, showcasing Propy's leadership at the intersection of real estate and cryptocurrency.
