A new technology could change the way real estate deals close in America, and if it works,

it could make closings faster, cheaper, and potentially more secure for investors.

I'm Kathy Fedke, and this is Real Estate News for investors.

This is Real Estate News with Kathy Fedke.

According to CNBC, real estate technology company Propi has secured $100 million in new funding to bring real estate transactions onto the blockchain.

The company says its goal is to modernize one of the slowest parts of real estate investing, the closing process,

by using blockchain technology and artificial intelligence. So what exactly is blockchain?

Well, think of it like a digital record book that's shared across many computers instead of being stored in one single place. Once information is added, it becomes extremely difficult to change or tamper with it.

That means ownership records, deeds, contracts, and transaction histories can be stored in a way

that's transparent, secure, and permanent. For real estate investors, that could eventually

reduce fraud, improve transparency, and speed up transactions.

If you've ever bought or sold property, you know how paperwork heavy the closing process can be.

There are disclosures, signatures, title checks, escrow documents, compliance forms, lender requirements,

and multiple parties that all need to coordinate. In many cases, that

process can take days to weeks, but Propy says its technology could reduce some closings to just a few

hours. The Miami-based company recently secured a $100 million credit facility from investment

firm Metropolitan Partners Group. Propy says that funding will help it acquire title and escrow companies

while building what it calls an AI-powered, end-to-end closing platform.

Propy says it has already acquired four title companies as part of the expansion.

The company is also developing an AI agent named Avery. Avery can review contracts,

extract property data, monitor transactions, and communicate with buyers, sellers, lenders, and vendors

around the clock. According to Propy, some clients don't even realize they're communicating

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