365Crypto
Christie’s, the famous auction house, just launched a real estate team that only deals in crypto.
No banks. No fiat. Just blockchain.
The new division, part of Christie’s International Real Estate, brings in crypto experts, lawyers, and analysts. Their job? Help rich buyers and sellers do house deals entirely in crypto.
It started after they sold a $65M Beverly Hills mansion for Bitcoin. That success pushed CEO Aaron Kirman to go full crypto.
Buying Mansions with Crypto?
This isn’t Christie’s first crypto move.
They’ve already sold NFTs and even built their own Ethereum auction platform in 2022.
Their rival Sotheby’s is deep into NFTs too.
Now, Christie’s is going all in — a $1B real estate portfolio where sellers only accept crypto.
Why Use Crypto for Real Estate?
Kirman says rich people love privacy.
They already use companies and trusts to hide ownership.
Crypto adds another layer of anonymity thanks to blockchain.
Sometimes, even the seller doesn’t know who the buyer is.
One deal closed without revealing the buyer’s identity — even to the seller.
Banks Might Be Next
Kirman says banks are starting to talk about financing crypto-backed real estate.
He believes within 5 years, 1 in 3 homes could involve crypto.
Even U.S. regulators are warming up.
Last month, Fannie Mae and Freddie Mac were told to consider crypto as part of mortgage reserves — without converting to dollars.
