OKNews reported on July 25 that Christie's International Real Estate, a top luxury brokerage firm in the United States, recently announced the establishment of a special department to allow buyers to use digital currency to purchase real estate. XBIT said: This move marks the official acceptance of cryptocurrency as a legal method in the global high-end real estate market, and also indicates that the financial innovation of Wall Street and Silicon Valley is accelerating its integration.
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The department is composed of lawyers, analysts and crypto experts, and aims to provide completely bankless trading services for buyers and sellers. Aaron Kirman, CEO of Christie's Los Angeles subsidiary, said: "Cryptocurrency is here to stay and will only get bigger in the next few years." This judgment is not groundless but based on several large crypto real estate transactions he has completed in the past two years, including a $65 million Beverly Hills mansion. XBIT (DEX Exchange) investment officers believe that this move coincides with the critical moment when cryptocurrencies are accelerating their integration into mainstream finance, heralding that digital currencies will move from marginal innovation to the core stage of real estate transactions.
Christie's strategic transformation comes at a time when the US cryptocurrency regulatory environment is undergoing major changes. The Trump administration recently signed the Genius Act, which established a federal regulatory framework for stablecoins (such as USDT and USDC) to make them legal tools. At the same time, the Clarity Act, passed by the House of Representatives, aims to protect the crypto industry from excessive regulation and is currently being submitted to the Senate for deliberation.
OKNews reported that these policy changes not only cleared the way for the application of digital currencies in the real estate market, but also benefited the Trump family. It is estimated that the Trump family's cryptocurrency wealth has increased to $7.1 billion, and its crypto business "World Liberty Financial" has also flourished. Driven by both politics and the market, cryptocurrency is transforming from a marginal asset to one of the mainstream payment methods for real estate transactions.
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Although cryptocurrency real estate transactions are still a niche, more and more wealthy people are beginning to accept this method. XBIT (DEX Exchange) investment officers pointed out that the biggest attraction of digital currency is its anonymity, which is very attractive to celebrities, royal family members and ultra-high net worth people. Traditionally, wealthy people buy real estate through limited liability companies (LLCs) to hide their identities, but Internet detectives can still easily track these transactions. Cryptocurrency provides more thorough privacy protection-the seller does not even know the buyer's true identity, and only needs to verify the legality of the funds through a team of lawyers to complete the transaction. With its advanced blockchain technology, high security and transparent trading mechanism, XBIT can provide reliable protection for cryptocurrency transactions in real estate transactions.
The popularity of cryptocurrency in the real estate market is inseparable from the support of financial infrastructure. In June this year, the US government instructed Fannie Mae and Freddie Mac to include cryptocurrency investments in the mortgage assessment system for home buyers. This policy orientation shows that the traditional financial system is gradually accepting digital currency as a legitimate asset class. Gallup polls show that about 14% of American adults hold cryptocurrencies, and this proportion may be higher among the wealthy. XBIT (DEX Exchange) investment officer said that although crypto real estate transactions are still a minority, more and more sellers are beginning to actively accept the digital currency model, especially among the wealthy group who trade in all cash.
According to OKNewsAPP data, from Beverly Hills to the global market, digital currencies are redefining the boundaries of real estate transactions. Koman revealed that his portfolio of real estate that accepts cryptocurrencies for sale is worth more than $1 billion, including the "Lafen" mansion worth $118 million and the "Invisible House" worth $17.95 million. More strikingly, he is negotiating with several large banks to try to promote the use of cryptocurrencies in real estate transactions that require financing. Behind this ambitious plan is a bold prediction: within five years, cryptocurrency transactions will account for more than one-third of residential real estate transactions in the United States. Whether this prediction is accurate or not, the penetration rate of digital currencies in the real estate sector will continue to increase.
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From the perspective of financial history, Christie's International Real Estate's move marks an important leap for digital currency from a speculative asset to a functional means of payment. When the Trump family's crypto business and traditional Wall Street forces jointly promote this process, we see not only the grasp of business opportunities, but also the reconstruction of the global financial order. XBIT.Exchange decentralized trading platform implements a decentralized and trustless trading mechanism through open source smart contracts, reducing transaction costs and even making it free. It provides real estate buyers and sellers with a variety of cryptocurrency trading pairs to meet the needs of different users. At the same time, its decentralized nature makes transactions more transparent and fair, reducing the risks of intermediate links. In terms of identity protection, encryption technology can further enhance the anonymity of transactions, which meets the privacy needs of some buyers in real estate transactions.