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Christie’s Launches Operational Crypto Division With $1 Billion in Luxury Listings

It is negotiating partnerships with major banks to pioneer property financing using cryptocurrency collateral.

Photo: Christie’s International Real Estate
Real estate
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Christie’s launches first major us crypto real estate division: report 

Overview

  • The dedicated division includes legal, compliance and cryptocurrency experts to facilitate secure, bank-independent property deals.
  • Christie’s portfolio now exceeds $1 billion in high-end homes available for purchase with Bitcoin, Ether and other digital assets.
  • Escrow accounts paired with real-time price feeds are designed to protect buyers and sellers from sudden cryptocurrency market swings.
  • Discussions with major banks aim to allow buyers to use digital assets as collateral for mortgages and other financing.
  • Wealthy clients are turning to crypto payments for enhanced privacy, leveraging blockchain anonymity beyond traditional LLCs and trusts.