Christie’s International Real Estate Establishes Cryptocurrency Division to Advance Luxury Property Transactions with Digital Assets
ChainCatcher reports that Christie’s International Real Estate has established a new division focused on property transactions conducted with cryptocurrency. This division aims to promote the purchase of luxury real estate using crypto, and is currently accepting pure cryptocurrency offers for luxury properties valued at $1 billion.
The Southern California branch president, Aaron Kirman, founded this division inspired by recent high-value crypto real estate sales. The division is staffed with a professional team of lawyers, analysts, and crypto experts, enabling cryptocurrency payments to be completed without intermediary banks. Kirman noted that he has overseen transactions where sellers were unaware of the buyers’ identities, but the seller’s agent’s lawyer would verify the legitimacy of the buyer’s funds.
After evaluating several high-value transactions using cryptocurrency over the past two years, Christie’s decided to establish this division. Most recently, at a client’s request, a $65 million real estate transaction in Beverly Hills, USA, was completed using cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BlackRock receives 2,705 Fnac Darty shares as collateral transfer-in during takeover offer
Sabre to Launch $1.1 Billion Offering of Senior Secured Notes
Syquant Capital increases long CFD position in Exail Technologies at EUR 124/share
Affinor Growers appoints Dr. Bo-Sen Wu as advisor
