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Brokerage firm Christie’s International Real Estate has established a specialized team to manage luxury real estate transactions that are fully financed with cryptocurrency.
The brokerage team at Christie’s International Real Estate is headed by prominent Los Angeles broker Aaron Kirman, as reported by The New York Times. This new cryptocurrency division comprises lawyers, compliance experts, and specialists in digital assets.
The main objective is to guarantee complete legal and regulatory clarity for real estate transactions conducted solely in cryptocurrency, without the involvement of conventional banks or fiat payment systems. The team’s inaugural transaction was the sale of a mansion in Beverly Hills for $65 million, fully paid in BTC.
Christie’s International Real Estate operates as a global network of independent luxury real estate agencies. The organization boasts over 400 offices, approximately 10,000 real estate agents across 50 countries, and manages a portfolio of luxury properties valued at more than $100 billion.
The new team is responsible for overseeing transactions involving luxury properties available for purchase with cryptocurrency, with a cumulative value surpassing $1 billion. These properties include:
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- La Fin villa in Bel-Air, valued at $118 million;
- Nightingale house in Beverly Hills, valued at $63 million;
- Invisible House in Joshua Tree, valued at $18 million, among others.
Kirman indicated that the demand for such transactions is consistently increasing as buyers prioritize privacy and transaction speed. Many finalize deals through anonymous trusts or LLCs, where the ultimate beneficiary remains undisclosed even to the seller. He mentioned that in 2024 alone, his team facilitated $450 million in transactions where cryptocurrency was the primary payment method.
Kirman expressed optimism that within the next five years, cryptocurrency transactions will become commonplace in the luxury real estate market, and the utilization of digital assets for acquiring exclusive apartments and luxury homes will be standard for a new generation of ultra-wealthy clients.
Previously, CoinsPaid introduced a solution for accepting cryptocurrency payments in real estate, providing instant crypto-to-fiat conversion, support for international transactions, and transparent fees.
Max Krupyshev, CEO of CoinsPaid, remarked that in the next 3–5 years, cryptocurrency payments will become a standard practice for real estate transactions and investments. “Crypto payments are often the first real step into Web3 for most participants in the real estate market. Just having a simple, secure way to accept USDC or BTC — that’s the entry point,” Max stated.
Christie’s initiative arises amid the increasing institutionalization of the cryptocurrency market. In the U.S., legislation establishing a regulatory framework for stablecoins has been enacted, permitting banks to engage with digital assets. Concurrently, national housing agencies Fannie Mae and Freddie Mac have received guidance to consider cryptocurrency assets when evaluating borrowers’ creditworthiness.
Сообщение Christie’s Launches Division for Crypto Real Estate Transactions появились сначала на CoinsPaid Media.
