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.