Christie’s International Real Estate has announced the launch of a new division dedicated to real estate transactions conducted using cryptocurrency, reflecting the growing influence of digital currencies on the housing market.
Establishing a Dedicated Team for Crypto Transactions
Christie’s International Real Estate has become the first major U.S. brokerage to establish a dedicated team for cryptocurrency transactions. The team includes lawyers, financial analysts, and crypto specialists. The division is led by Aaron Kirman, CEO of Christie’s Group based in Los Angeles. Kirman decided to launch this division after the successful sale of several luxury homes using virtual assets. He stated that transactions were completed smoothly, reinforcing his view that digital currencies will increasingly play a role in property sales. This new team will assist with legal paperwork, digital payment processing, and client identity protection. This will enable high-value transactions to be completed securely without relying on traditional banks. Kirman is currently in talks with several major banks to facilitate home financing that accepts cryptocurrency.
The Growing Role of Cryptocurrency in U.S. Policy
Christie’s decision comes at a time when the U.S. government is showing strong support for digital currencies. Recently, President Trump signed the Genius Act, which introduces clear rules for stablecoins. The House of Representatives has also passed the Clarity Act, aimed at protecting the crypto industry from strict regulation. This bill is currently awaiting Senate review. These policy changes follow a series of executive actions promoting digital finance.
Accelerating Mainstream Adoption of Cryptocurrency
With increasing federal support, cryptocurrency is becoming an integral part of the housing market. In June, the U.S. Federal Housing Finance Agency announced that it is considering crypto holdings when reviewing mortgage applications. Industry leaders like Cathie Wood have publicly endorsed this proposal, arguing it will expand cryptocurrency's role in the U.S. financial system. Although crypto-based real estate transactions are still relatively uncommon, interest is growing, especially among wealthy individuals. Additionally, major real estate companies like Cardone Capital are entering the world of digital assets. In June, the company acquired 1,000 BTC worth over $101 million, becoming the first real estate investment firm to fully integrate a Bitcoin strategy into its treasury.
The launch of Christie’s new division marks a significant step forward in the consolidation of cryptocurrency in the real estate sector, reflecting a broader trend of increasing digital currencies' influence within the housing market.
