ChainCatcher news, according to CoinDesk, real estate company Propy is set to launch a cryptocurrency mortgage service for purchasing properties. Bitcoin and Ethereum holders can use their crypto assets as collateral to obtain loans for buying tokenized real estate.Propy plans to sell a tokenized apartment in Hawaii on January 29, with the entire property tokenization process taking about two weeks to complete.

ChainCatcher news, according to RootData, the price of Propy token (PRO) is currently $3.13, with a 24-hour increase of over 21%.Additionally, the Web3 asset data platform RootData shows that Propy is a blockchain-based real estate platform that supports buying and selling homes using cryptocurrency and trading homes in the form of NFTs. With Propy's suite, users can automate all transaction components from e-signatures to payments in a secure and user-friendly solution.