According to CoinDesk, U.S. real estate firm Propy is about to launch a sale campaign for an apartment in Hawaii (starting at $250,000) that allows buyers to borrow money from Propy as collateral to buy the property using BTC or Ethereum as collateral. (Synopsis: ENEL, Europe's largest power company, buys "solar panel tokenization" to offset electricity bills, RWA's new application) (Background supplement: NexBridge's first tokenization of US Treasury bonds USTBL reaches $30 million, opening a chapter of financial innovation) According to CoinDesk, U.S. real estate company Propy is about to launch a sales campaign for an apartment in Hawaii (starting at $250,000), Propy Buyers are allowed to borrow funds from the Propy mortgage to purchase the property using BTC or Ethereum as collateral. Buyers can repay loans with BTC appreciation According to reports, this cryptocurrency mortgage is for two years with an annual interest rate of 10%. If the value of BTC or Ethereum held by the buyer falls by more than 50%, the Margin may be recovered, and in the worst case, the cryptocurrency pledged may be liquidated and the property may be auctioned for resale. However, if the price of these collateralized BTC and Ethereum doubles, buyers can repay the loan with the appreciation of these cryptocurrencies, which can be paid in BTC, Ethereum or USDC. In this regard, Natalia Karayaneva, president of Propy, explained: "Buyers no longer have to sell BTC and then pay taxes before they can buy a property. This is a very good scheme for BTCholder. This is also the future side of the real estate industry. We are demonstrating how Block Chain technology can simplify the homebuying process and replace the complex approval process of the traditional loan process with a real-time, efficient solution. It is understood that the sale will begin on January 29, and if the deal is closed, the loan will be processed instantly, while buyers will be able to automatically get back their collateralized cryptocurrency after the loan is repaid. According to Karayaneva, Propy itself is different from traditional real estate developers, the company's purpose is to automate the real estate transaction process, the key to which is the introduction of Block chain technology. As part of the company's business, Propy is also engaged in the business of tokenizing real estate, which involves first registering with the government management agency, and then creating a token for the property, which will be transferred to the buyer after the purchase. And once the tokenized property is sold, the buyer is able to sell it to another buyer without the need for Propy as an intermediary. Karayaneva said: "Our primary goal is to put as many real estate assets on the chain as possible, imagine tokenizing real estate and seamlessly exchanging it on on-chain, which is a $300 trillion market. In Propy's success story, TechCrunch founder Michael Arrington worked with the company to convert an apartment he owned into a non-fungible token. In addition, Propy successfully auctioned a 17th-century Italian mansion in Blockon-chain in 2017. Related stories a16z Analysis 2025 encryption trends: AI Wallet self-care, Decentralization chatbots, asset tokenization, on-chain bonds: BTC legend Adam Back attacks the legislature! Propose "Taiwan Asset Tokenization" to Create a New Moat How does Chainlink liberate all functions of capital market tokenization through CCIP and stake? "American real estate company Propy allows "mortgage BTC, ETH" loans to buy houses, and the currency price can be used to repay" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".
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US real estate company Propy allows mortgage loans for buying houses with BTC and ETH, which can be used to repay the loan when the coin price rises.
According to CoinDesk, U.S. real estate firm Propy is about to launch a sale campaign for an apartment in Hawaii (starting at $250,000) that allows buyers to borrow money from Propy as collateral to buy the property using BTC or Ethereum as collateral. (Synopsis: ENEL, Europe's largest power company, buys "solar panel tokenization" to offset electricity bills, RWA's new application) (Background supplement: NexBridge's first tokenization of US Treasury bonds USTBL reaches $30 million, opening a chapter of financial innovation) According to CoinDesk, U.S. real estate company Propy is about to launch a sales campaign for an apartment in Hawaii (starting at $250,000), Propy Buyers are allowed to borrow funds from the Propy mortgage to purchase the property using BTC or Ethereum as collateral. Buyers can repay loans with BTC appreciation According to reports, this cryptocurrency mortgage is for two years with an annual interest rate of 10%. If the value of BTC or Ethereum held by the buyer falls by more than 50%, the Margin may be recovered, and in the worst case, the cryptocurrency pledged may be liquidated and the property may be auctioned for resale. However, if the price of these collateralized BTC and Ethereum doubles, buyers can repay the loan with the appreciation of these cryptocurrencies, which can be paid in BTC, Ethereum or USDC. In this regard, Natalia Karayaneva, president of Propy, explained: "Buyers no longer have to sell BTC and then pay taxes before they can buy a property. This is a very good scheme for BTCholder. This is also the future side of the real estate industry. We are demonstrating how Block Chain technology can simplify the homebuying process and replace the complex approval process of the traditional loan process with a real-time, efficient solution. It is understood that the sale will begin on January 29, and if the deal is closed, the loan will be processed instantly, while buyers will be able to automatically get back their collateralized cryptocurrency after the loan is repaid. According to Karayaneva, Propy itself is different from traditional real estate developers, the company's purpose is to automate the real estate transaction process, the key to which is the introduction of Block chain technology. As part of the company's business, Propy is also engaged in the business of tokenizing real estate, which involves first registering with the government management agency, and then creating a token for the property, which will be transferred to the buyer after the purchase. And once the tokenized property is sold, the buyer is able to sell it to another buyer without the need for Propy as an intermediary. Karayaneva said: "Our primary goal is to put as many real estate assets on the chain as possible, imagine tokenizing real estate and seamlessly exchanging it on on-chain, which is a $300 trillion market. In Propy's success story, TechCrunch founder Michael Arrington worked with the company to convert an apartment he owned into a non-fungible token. In addition, Propy successfully auctioned a 17th-century Italian mansion in Blockon-chain in 2017. Related stories a16z Analysis 2025 encryption trends: AI Wallet self-care, Decentralization chatbots, asset tokenization, on-chain bonds: BTC legend Adam Back attacks the legislature! Propose "Taiwan Asset Tokenization" to Create a New Moat How does Chainlink liberate all functions of capital market tokenization through CCIP and stake? "American real estate company Propy allows "mortgage BTC, ETH" loans to buy houses, and the currency price can be used to repay" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".