Real estate tokenization company Propy launches AI Custodian and appoints former U.S. Treasury Assistant Secretary to Advisory Board

Foresight News reported that real estate tokenization company Propy announced a $100 million expansion and launched Agent Avery, an AI-powered escrow agent for real estate transactions. The company is acquiring title companies through a hybrid financing scheme that integrates private credit and blockchain-based DeFi loans.

In addition, Propy will appoint Chris Campbell (former Assistant Secretary of the U.S. Treasury) and Mike Jones (Science Inc.) to its advisory board, and will work with Michael S. Piwowar (former U.S. Securities and Exchange Commission Commissioner) and Michael Casey (former Chief Content Officer at CoinDesk) to guide Propy's regulatory and capital structure.