Propy, a real estate tokenization platform, and Parcl, a DeFi protocol, have announced a strategic partnership aimed at improving analytics for on-chain real estate. This partnership aims to enhance the PropyKeys platform, which has already tokenized over $10 billion worth of U.S. homes.
Propy plans to use Parcl Labs API for better property valuation and analytics, accessed by acquiring and staking Parcl’s $PRCL token. In just three months, Propy has on-chained 200,000 addresses, including 80,000 U.S. homes.
Parcl’s technology aggregates data from 5,000+ sources, offering detailed housing market insights. This collaboration aims to provide users with advanced tools for on-chain real estate, fostering global market accessibility and security.
Natalia Karayaneva, CEO of Propy, and Trevor Bacon, CEO of Parcl, both emphasize the partnership’s potential to set new industry standards. The initiative is expected to unlock more use cases and demonstrate innovative possibilities in the real estate sector.
