Miami’s crypto-settled real estate record broken by $14 million USDT transaction

A $14 million property transaction settled in cryptocurrency is a record breaker for the Miami real estate market, done with the help of tokenization specialist Propy and involving property firms Ciprés and Rilea Group, the companies said on Wednesday.

Real estate settlement using bitcoin and other cryptos is gaining traction as an alternative to wire transfers for buyers seeking to reduce delays associated with cross-border transfers. In 2025, crypto-funded real estate purchases reached approximately $4.2 billion.

Miami has become a focal point for crypto-settled real estate, driven by its concentration of international buyers and developers willing to adopt alternative settlement rails, according to a press release.

At Miami-based property development Mohawk in Wynwood, an international buyer acquired five commercial units nearing $14M ($13,920,063.00), settling in USDT with each fund clearing in under 60 seconds, a transaction that would typically take days via cross-border wire transfers, the release stated.

Late last year, Propy laid out plans for a $100 million expansion to acquire mid-size property title firms across the U.S., aiming to streamline an industry that still relies heavily on manual processes with blockchain rails and AI.

“Bitcoin can now function as real estate capital,” said Natalia Karayaneva, CEO of Propy. “Digital assets are becoming a practical option for real estate buyers seeking flexibility and developers looking to access global demand.”