Christie’s International Real Estate launched a dedicated division to facilitate real estate transactions entirely carried out in cryptocurrency, the New York Times reported on Thursday.
Mergé by Aaron Kirman, CEO of a company affiliated with Christie in Los Angeles, the initiative follows several high -level offers, including a transaction of $ 65 million in Beverly Hills where the crypto was used exclusively.
The new division includes legal, financial and cryptographic experts to manage peer transactions without worrying about banks. The objective is to allow high -end buyers and sellers – to often seek confidentiality – to use digital assets transparently for the acquisitions of real properties.
With around 14% of Americans with crypto, Kirman plans that digital currency could represent more than a third of American residential real estate agreements within five years.
The use of crypto offers increased anonymity of buyers, often via LLC financed directly with digital assets, which makes the property more difficult to trace than traditional banking channels.
Kirman’s cryptocurrency portfolio now exceeds $ 1 billion in value, including marquee properties like the invisible house of $ 118 million at Bel Air and the invisible house of $ 17.95 million in Joshua Tree.
Christie did not respond to the request for Coindesk for further
