The Parcl Ecosystem, which includes Parcl, Parcl Labs, and Parcl Limited, develops and governs the Parcl Protocol, a decentralized exchange that allows users to get long or short exposure to real-world real estate prices via a decentralized exchange.

Parcl's primary intention is to create a liquid market around the largest asset class in the world by leveraging novel, world-class real estate data from Parcl Labs.

The PRCL token underpins the Parcl Ecosystem, providing governance rights, access to Parcl Labs data & analytics, and network incentives.