A $14 million real estate deal settled in crypto just set a new record for Miami, proving that the city's property market is moving faster than a memecoin pump. The transaction, handled by tokenization platform Propy with real estate firms Ciprés and Rilea Group, covered five commercial units at the Mohawk development in Wynwood. An international buyer snapped them up, paying in USDT with every fund clearing in under 60 seconds—a process that usually drags on for days through the snail-paced maze of cross-border wire transfers.
This deal cements Miami's status as the crypto real estate capital, where international buyers and forward-thinking developers are ditching slow banks for instant settlement rails. Propy CEO Natalia Karayaneva dropped the mic, stating, "Bitcoin can now function as real estate capital," as digital assets become the go-to for buyers who'd rather not wait for paperwork to clear. Crypto real estate settlements are gaining serious traction, slashing delays on cross-border transfers and making old-school wires look like dial-up internet. In 2025 alone, crypto-funded real estate purchases hit roughly $4.2 billion, showing degen energy is finally flowing into brick-and-mortar.
Propy isn't stopping at one record-breaking deal; they've mapped out a $100 million expansion to scoop up mid-size property title firms across the U.S. The goal? To drag the industry into the blockchain age, replacing manual processes with rails that actually move at crypto speed and AI that doesn't need coffee breaks.
