Propy, a real estate tokenization platform, and Parcl, a DeFi protocol specializing in real estate data, have announced a strategic partnership aimed at improving analytics for on-chain real estate.

Parcl and Propy are teaming up to enhance the PropyKeys platform, which has already tokenized over $10 billion worth of U.S. homes and is projected to surpass $50 billion by the end of the year.

Propy’s initiative will use Parcl Labs API for improved property valuation and analytics. This access, obtained by acquiring and staking Parcl’s $PRCL token, hopes to bring more real estate markets onto the blockchain.

Real estate and on-chain innovation

In just three months, Propy has successfully on-chained 200,000 addresses, including 80,000 U.S. homes, many of which are currently for sale.

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