Christie’s International Real Estate has launched a dedicated division to facilitate real estate transactions made completely in cryptocurrencies, the New York Times reported Thursday.
Headed by Aaron Kirman, CEO of a firm affiliated with Christie in Los Angeles, the initiative follows several high profile agreements, including a Beverly Hills transaction of $ 65 million where cryptographic was used exclusively.
The new division comprises legal, financial and cryptographic experts to handle transactions between peers without dependence on banks. The objective is to allow high -end buyers and vendors, to often seek privacy, use digital assets without problems for real -world properties.
With approximately 14% of Americans who have cryptography, Kirman projects that the digital currency could represent more than a third of the US residential real estate agreements. UU. In five years.
The use of crypto offers a better anonymity from the buyer, often through LLC directly financed with digital assets, which hinders the tracking of traditional bank channels.
Kirman’s crypto-acceptance portfolio now exceeds the value of $ 1 billion, including marquee properties such as the end of $ 118 million in Bel Air and the invisible house of $ 17.95 million of Joshua Tree.
Christie’s did not respond to Coendesk’s request for more
