Blockchain Proptech Startup Propy Completes First Real Estate Transactions In Japan

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Image: Tokyo, Japan, Pixabay

Propy, Inc., a Silicon Valley property technology (proptech) startup, has announced the completion of two blockchain-recorded property deals in Japan, a first in Asia, the startup said on Thursday. The news marks Propy’s first steps into the Asian market.

Image: Mount Yotei, Niseko, Japan, via Pixabay

The two properties are residential plots of land located in the St. Moritz neighborhood of Niseko, Japan. The properties were purchased using Japanese yen by a group of Hong Kong investors.

Hokkaido Tracks Real Estate was the estate agent in charge of the sale of the properties. Sales and operations manager Paul Butkovich said:

“As I became more familiar with Propy, I soon realized that my sales team could

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