Crypto Closing: Realtors you are going to love this for your buyers & sellers!


 “Cash Buyers” With Crypto: How Agents Can Use Propy to Turn Digital Wealth Into Closed Deals

Guest: Shannon Conradi & Ilko Boyadjiev from Propy

If you’ve ever had a “cash buyer” who really means “I’ve got a lot of crypto,” this episode is for you. Propy is a licensed, tech-forward title & escrow company that helps buyers safely use cryptocurrency to purchase real estate—while making the process feel just like a traditional cash closing for listing agents and sellers.

Below is your fast, practical guide—built from my conversation with Shannon & Ilko—on how Propy works and how Realtors can use it to win and close more deals.

Watch this podcast on YouTube:  https://youtu.be/rDE1SpG7vwU

What Propy Is (and why agents should care)

  • Licensed Title & Escrow + Web3 rails. Propy runs a fully digital title & escrow operation and has facilitated billions in transactions since 2017. Closings are tracked online; deeds and key records can be written to blockchain for transparency. 

  • Where they operate. Propy currently supports crypto transactions in Florida, Colorado, Arizona, and California with Texas and Alabama soon.  actively services title/escrow in several states (with location pages their public pages emphasize help across the U.S.). Check their “Locations” page for current coverage. 

  • Why it matters to Realtors. There’s a fast-growing pool of crypto-rich buyers who prefer not to wire from banks or liquidate assets early. Propy’s workflows turn that interest into clean proof of funds and smooth closings (crypto → USD inside escrow), so your offers get taken seriously—and close. 

9 Benefits Realtors Can Use Right Now

1) Digital Earnest Money (EMD)

Buyers can deposit EMD inside Propy’s secure portal—no separate apps, fewer emails, and fewer wire-fraud traps. Agents get instant confirmations and an auditable trail. 

Why you’ll love it: Fewer bank trips, fewer “did you get my wire?” texts, and a single system of record. (Industry-wide, wire fraud attempts are a real issue; EMD portals and verified rails help reduce risk.)

2) Built-In KYC/AML

Before offers go out, Propy can verify identity (KYC  "Know Your Client") and source of funds (AML). That lets you present proof of funds confidently—just like cash. 

Bonus: The compliance environment is tightening. FinCEN’s new rule (effective Dec 1, 2025) adds reporting for many all-cash entity/trust purchases—another reason to work with partners who already take KYC/AML seriously. Reuters

3) In-House Crypto Closings (Crypto → USD at Escrow)

Propy converts approved crypto (e.g., BTC, ETH, stable-coins) to U.S. dollars inside the closing. To the seller side, it looks and feels like a normal cash deal—funds arrive in USD, and the title team settles, funds, and records. Key documents can be recorded both with the county and on the blockchain. 

4) One Platform From Offer to Recording

Offers, EMD, milestones, escrow communications, and post-close access to documents live in one system. Agents, buyers, sellers, and escrow see the same timeline—less chaos, faster closings. 

5) Marketing done for you: 

From flyers and brochures to postcards and digital campaigns, Propy provides professional marketing support so you can focus on clients.

6) Client gift program: 

After closing, your clients receive branded gifts from you every month for an entire year—keeping you top of mind long after the sale.

7) Free Realtor profiles & exposure: 

Your listings can be featured on Propy’s marketplace, reaching crypto buyers worldwide at no extra cost.

8) Earn with referrals: 

Through the ProCoin Ambassador Program, Realtors earn crypto-backed rewards for referrals and closed deals.

9) Blockchain deed recording: 

Every deed is also recorded on the blockchain, adding an extra layer of fraud protection and transparency.

The 3-Step Playbook for Agents With “Crypto Cash” Buyers

  1. Qualify & Verify: Send your buyer to Propy’s KYC intake to generate compliant proof of funds (before you write). 

  2. Write a Normal Cash Offer: You generally don’t need to disclose “crypto” to the listing side; funds land in escrow as USD. 

  3. Close & Record: EMD and closing funds move through Propy’s portal; the deed and key artifacts can be recorded to blockchain for transparency. 

FAQs Agents Ask Me

Q: Is spending crypto to buy a home taxable?
A: Selling or spending crypto is typically a taxable event under IRS rules (crypto is treated as property). Always advise clients to consult a tax pro. 

Q: What about crypto-backed loans to avoid selling?
A: Using crypto as collateral (rather than selling it) may avoid triggering capital gains at the time of borrowing, but there are nuances—repayment and liquidation events can be taxable. Buyers should talk to a CPA familiar with digital assets.

Q: Does this help with speed?
A: Yes. Digital EMD plus in-platform funding shortens timelines and reduces “chasing wires” across email chains—making your “cash” offer act like… cash.

Q: What states can I use Propy in?
A: Propy markets support for crypto transactions in Florida, Arizona, Colorado, and California with  Texas  and Alabama markets sooon, provides title/escrow services with active state pages, and expanding coverage; always verify current licensing and closing availability for your property’s county. 

Why This Matters in 2025–2026

  • Compliance & transparency expectations are rising (see FinCEN’s new reporting rule). Teams that standardize KYC/AML and secure payment rails will win more listings. Reuters

  • Crypto wealth is here. Many buyers prefer not to liquidate early or wrangle with banks for deposits. Meeting them where they are—without creating extra work for the listing side—expands your market. Cointelegraph

Agent Checklist: Turning Crypto Into Closings

  • Ask: “Are you using bank funds or digital assets?”

  • If crypto, send buyer to Propy KYC and request proof of funds. 

  • Write a standard cash offer; plan digital EMD in the portal. 

  • Coordinate with Propy Title for in-platform funding (Crypto→USD) and a clean, on-time close. 

  • Loop in the buyer’s CPA on tax implications early. IRS

Episode Highlights (from my chat with Shannon & Ilko)

  • “Treat it like cash.” Listing sides see USD, period; seller workflows don’t change. 

  • Proof of funds before offers. Compliance first; no more hand-wavy “I have crypto” conversations. 

  • Speed stories. Digital rails mean deposits and funding can move in minutes to hours—without multi-day international wire limbo. 

  • All-in-one dashboard. Everyone sees the same timeline and documents; fewer lost emails. 

Links

Have a buyer (or seller) curious about crypto? Shoot me a message. I’ll coordinate introductions and help you structure the cleanest path to a compliant, on-time closing.

About Between Two Doors

Between Two Doors is a podcast where I talk with Realtors about their journey, aiming to connect home buyers and sellers with agents on a more personal level. I ask "right brain" questions that go beyond transactions, focusing on the experiences, values, and passions that make these professionals great at what they do.

Listen to more episodes at: https://www.betweentwodoors.com

Sponsored by:
Premier Lending, Inc.
https://www.natecarver.com

NMLS Numbers:
NMLS: 2004738
Licensed by the Department of Financial Protection and Innovation (DFPI). Equal Housing Opportunity.
https://www.nmlsconsumeraccess.com

Contact: 972-832-5761

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Location: United States

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