Christie’s International Real Estate, one of the largest American brokerages, has created a new division specializing in cryptocurrency real estate sales.
New Christie’s Division for Cryptocurrency
The new unit, led by Christie’s Southern California CEO Aaron Kirman, manages over $1 billion in crypto-listed properties for buyers paying with cryptocurrency. Among the properties currently offered is the $118 million La Fin mansion in Bel Air, the $18 million Invisible House in Joshua Tree, and the $63 million Nightingale property in Beverly Hills.
Security Assurance in Crypto Transactions
The estate network has a legal and crypto compliance team of lawyers, analysts, and crypto experts to ensure transaction security. They conduct complete legal checks on the origins of assets to confirm their legality. Kirman noted that wealthy crypto asset holders prefer to avoid traditional banking systems to protect their identities.
Global Trends in Cryptocurrency
As the interest in digital assets grows in the U.S. along with legislation like the GENIUS Act and CLARITY Act, businesses including real estate are beginning to adapt to this trend. Kirman stated, 'The trend was obvious — crypto is here to stay... it’s only going to get bigger over the next few years.' He also predicts that in five years, over one-third of U.S. home sales could involve cryptocurrency.
The launch of Christie’s new division highlights the increasing interest in cryptocurrency real estate transactions, providing security for buyers.
