tl;dr
Christie’s International Real Estate has launched a dedicated crypto division to handle digital asset transactions in luxury real estate. CEO Aaron Kirman cited notable crypto deals, including a $65 million Bitcoin purchase in Beverly Hills, and expects crypto use in real estate to grow. The firm’s ...
Luxury brokerage Christie’s International Real Estate, linked with the famed Christie’s auction house, has launched a dedicated crypto division. This new team, made up of lawyers, analysts, and crypto experts, is designed to manage digital asset transactions, reflecting the growing integration of cryptocurrencies in high-value real estate deals.
CEO Aaron Kirman revealed that the division's creation followed several notable crypto-based transactions, including a $65 million Beverly Hills property purchased using Bitcoin. Kirman emphasized the permanence and growth potential of crypto in real estate, predicting it will continue to expand significantly in the coming years.
Christie’s boasts a real estate portfolio valued at over $1 billion, with sellers ready to accept cryptocurrency payments. Among its listings is the innovative $18 million Invisible House in Joshua Tree, known for its reflective walls. The acceptance of crypto is attracting a new wave of buyers, particularly crypto millionaires seeking to diversify their holdings with tangible assets.
Industry expert James Harris, CEO of Tesseract Group, highlighted recent regulatory advancements and broader economic trends shifting cryptocurrency from a speculative asset to a serious portfolio contender. The passage of supportive legislation like the GENIUS Act and changes in Congressional bills are fostering greater institutional confidence and adoption.
This convergence of regulatory clarity, economic easing, and corporate adoption is driving crypto’s evolution within financial markets, signaling a maturation that could reshape investment strategies across real estate and beyond.