Christie’s International Real Estate has launched a new crypto real estate division. Led by Aaron Kirman, the division already manages over $1 billion in crypto-listed properties. This makes Christie’s the first major brokerage to build a formal crypto-focused department.
Christie’s Targets Crypto Millionaires with $1 Billion Real Estate Offering
According to The New York Times report, Christie’s crypto division is led by Aaron Kirman, head of Christie’s Southern California operations. Kirman has already completed several crypto real estate deals. One involved a $65 million Beverly Hills mansion sold entirely using cryptocurrency. The new division will now expand that model to a portfolio of high-value properties.
The homes listed for crypto payments are valued at over $1 billion, the report stated. They include the $118 million Bel Air estate La Fin and the $63 million Nightingale property in Beverly Hills. Another property, the Invisible House in Joshua Tree, is available for $18 million in cryptocurrency.
Buyers and sellers can now close deals without involving banks. All transactions are processed using blockchain-based assets. Christie’s has assembled a legal and crypto compliance team to secure each transaction. There’s protection for sellers through thorough legal checks on the origins of funds.
Christie’s Kirman told The New York Times the goal is to serve wealthy crypto holders seeking real-world assets. These buyers value privacy and often prefer to avoid traditional banking systems. Crypto allows them to use LLCs backed entirely by digital assets.
The crypto regulatory environment is also shifting. President Trump recently signed the Genius Act to regulate stablecoins. The U.S. House passed the Clarity Act to protect crypto firms from regulatory overreach. Both developments are signs of growing mainstream support.
U.S. Housing Giants Embrace Crypto as Home Sales Go Digital
Like Christie’s, Federal housing authorities are adapting too. In June, Fannie Mae and Freddie Mac were instructed by the Federal Housing Finance Agency (FHFA) to consider crypto in mortgage evaluations.
Kirman said crypto brings added anonymity. In some deals, sellers never learn who the buyer is. Lawyers handle identity verification and ensure legality.
Kirman also said talks are underway with major banks to allow crypto-based home financing. He estimates that in five years, over one-third of U.S. home sales could involve cryptocurrency.
Paul
Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others.
He holds a degree in Geophysics from OAU, Nigeria. When he’s not writing, he loves watching soccer and reading educative journals.
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