U.S. real estate association invests in blockchain startup

U.S. real estate association the National Association of Realtors (NAR) has invested in a blockchain real estate startup Propy, CoinDesk writes. The investment came from NAR’s VC fund Second Century Ventures via its REACH accelerator program. The company received $15.5 million in an initial coin offering back in 2017.

Propy is a blockchain platform connecting real estate buyers, sellers, and brokers and allowing them to carry out a traditional real estate deal online. It also offers a deed registration tool, blockchain title registry, and a listing platform.

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