Propy Launches Instant Onchain Loans for Hawaii’s First Tokenized Real Estate Sale

Propy unveils instant onchain loans for Hawaii’s first tokenized real estate sale, allowing buyers to use BTC, ETH, and property as collateral.

Propy’s New Loan Feature Simplifies Cryptocurrency Real Estate Transactions

Propy, a blockchain-powered real estate platform, has introduced an innovative onchain loan feature to facilitate the purchase of tokenized properties. The feature will debut during the sale of a $250,000 tokenized condominium in Honolulu, Hawaii, on January 29.

The financing solution allows buyers to use bitcoin (BTC), ethereum (ETH), and the property itself as collateral for an instant loan. The dual-collateral mechanism ensures that once the 10% interest loan is fully repaid, buyers regain control of their crypto assets. Propy stated that the entire transaction process, including loan approval and ownership transfer, will be recorded onchain to eliminate the delays often associated with traditional escrow systems.

Hawaii’s First Onchain Property Transaction

The condominium, located at 410 Atkinson Drive in Honolulu, is Hawaii’s first property to be tokenized and sold onchain. This beachfront property offers premium amenities, including a pool, fitness center, and concierge services.

Propy’s platform leverages blockchain technology to simplify real estate transactions by removing intermediaries like escrow and title services. Additionally, Propy provides digital tools for identity verification, document management, and online property bidding.

Bridging Blockchain and Real Estate

This sale marks Propy’s expansion into Hawaii and highlights the growing adoption of blockchain in traditional real estate markets. The company claims it has processed over $10 billion in tokenized real estate transactions globally.

Learn more about Propy’s innovative blockchain solutions and explore tokenized real estate opportunities today.