To clarify the role of plasminogen as a cofactor for prion propagation, we conducted functional assays using a cell‐free prion protein (PrP) conversion assay termed protein misfolding cyclic amplification (PMCA) and prion‐infected cell lines. Here, we report that plasminogen stimulates propagation of the protease‐resistant scrapie PrP (PrPSc). Compared to control PMCA conducted without plasminogen, addition of plasminogen in PMCA using wild‐type brain material significantly increased PrP conversion, with an EC50 = ~56 nM. PrP conversion in PMCA was substantially less efficient with plasminogen‐deficient brain material than with wild‐type material. The activity stimulating PrP conversion was specific for plasminogen and conserved in its kringle domains. Such activity was abrogated by modification of plasminogen structure and interference of PrP‐plasminogen interaction. Kinetic analysis of PrPSc generation demonstrated that the presence of plasminogen in PMCA enhanced the PrPSc production rate to −0.97 U/µl/h and reduced turnover time to ~1 h compared to those (~0.4 U/µl/h and ~2.5 h) obtained without supplementation. Furthermore, as observed in PMCA, plasminogen and kringles promoted PrPSc propagation in ScN2a and Elk 21+ cells. Our results demonstrate that plasmino‐gen functions in stimulating conversion processes and represents the first cellular protein cofactor that enhances the hypothetical mechanism of prion propagation.—Mays, C. E., Ryou, C. Plasminogen stimulates propagation of protease‐resistant prion protein in vitro. FASEB J. 24, 5102–5112 (2010). http://www.fasebj.org