Christie’s Launches Division for Real Estate Transactions in Cryptocurrency

Christie’s International Real Estate has established a division for real estate transactions using cryptocurrency. Key points include:

The division is led by Aaron Kirman, CEO of a Christie’s-affiliated firm.
This initiative follows notable transactions, such as a $65 million deal in Beverly Hills conducted entirely in crypto.
The team includes legal, financial, and crypto experts to facilitate peer-to-peer transactions without banks.
Approximately 14% of Americans own crypto; Kirman anticipates that digital currency could account for over a third of U.S. residential real estate deals within five years.
The use of crypto enhances buyer anonymity, often through LLCs funded with digital assets.
Kirman's portfolio accepting crypto exceeds $1 billion, featuring properties like the $118M La Fin in Bel Air and the $17.95M Invisible House in Joshua Tree.