Christie’s Launches First Major US Crypto Real Estate Division: Report

CN
22 hours ago

Spearheaded by Aaron Kirman in Los Angeles, the division enables homebuyers to skip banks entirely by paying with digital currency, according to a report by NYT’s Debra Kamin. The brokerage has already wrapped up several high-profile deals, including a $65 million Beverly Hills estate bought entirely with crypto, the report noted.

Kirman’s crew—which includes attorneys, data specialists, and crypto pros—manages sales where both buyer and seller settle the deal using only digital assets. The article highlights that Kirman’s crypto-ready listings total more than $1 billion, including standouts like the $118 million La Fin in Bel Air and the $63 million Nightingale in Beverly Hills.

Christie's Launches First Major US Crypto Real Estate Division: Report

Nightingale in Beverly Hills. Photo Source: Christie’s International Real Estate

Also on offer is the Invisible House in Joshua Tree, listed at $17.95 million and open to crypto buyers—a sign of rising interest among affluent clientele, Kamin wrote. Over in Asia, Japan’s Open House Group is taking bitcoin (BTC) and ethereum ( ETH) for property purchases, the company reported earlier this year.

Many see cryptocurrency playing a much larger role in real estate transactions in the years ahead. Kirman’s team believes crypto could fuel over a third of all U.S. residential home sales within five years. NYT added that the brokerage uses LLCs to shield buyers’ identities, providing greater discretion during the process.

Christie’s is reportedly in discussions with leading banks to allow crypto-backed financing, a move that hints at expanding acceptance. The brokerage’s pivot places it squarely at the helm of a changing real estate scene.

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