The UK auction house is said to have a new section to allow encryption use in real estate purchases in the latest expansion of the company in digital asset services.
Christie’s International Real Estate is now providing a team of encryption experts, lawyers and analysts to facilitate the transactions that the seller and buyer wants to work with Crypto and not to involve banks, The New York Times I mentioned Thursday.
Aaron Kerman, CEO of Christie International Real Estate Company, told the Times, that he opened the service after the company made some large real estate sales with Crypto, one prominent deal for a $ 65 million house in Beverly Hills, California, purchased using Bitcoin (BTC).
It represents the recent cryptic service, as the company has long provided auctions for non -applicable symbols and the launch of an eTHEREUM auction platform in 2022.
Christie’s dominates the auction house market alongside the Sotheby’s, which embraced NFTS and Crypto similarly. Christie I mentioned Obtaining $ 5.7 billion in sales last year, a 6 % decrease compared to 2023, while Sothebiz It is said He fled in 6 billion dollars, a decrease of 23 % per year.
The encryption can control the rich house
Kerman said that the real estate purchases with Crypto are rare, but they grow as a form of rich payment as a way to make their home purchases more unknown.
Those who have high profiles and rarely buy a wealthy property, and have long bought their homes through companies or confidence in an attempt to hide the path of paper leading to it.
However, the Internet can easily connect a company or confidence with a personality or another high -level person. Kerman said that buyers who suffer from Christie are still hiding behind companies, but they were prepared to use encryption, making tracking more difficult because of the unknown nature of championships.
Kerman said that Christie was “truly successful in protecting the identity of the buyer” with the homes he sold included encryption, so that some of the seller did not know the buyer.
$ 1 billion in real estate with encryption
It is said that Christie has a total of one billion dollars of real estate offered as sellers will take encryption, with millions of dollars from Los Angeles to Joshua Tree.
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“Accepting the coded currency signals to open up to innovative buyers, some of whom are cryptocurrencies and billionaires looking for real assets for diversification,” Chris Hanley, the owner of the Joshua tree home, who presented him for nearly $ 18 million, told the Times.
We can think of encryption in real estate loans
Kerman said he was also discussing with banks to start accepting encryption for homes that need financing, and he expected Crypto to be used for more than a third of all residential real estate deals within five years.
Last month, the Federal Housing Agency ordered the home mortgage buyer Vanie May and Faridi Mac to consider how to calculate the encryption as assets in their risk assessments of some household loans.
He told the director of FHFA William J. Poly Fannie, or the National Association for National Heritage, Faridi Mac-Federal Mortgage Loan Foundation-“to prepare a proposal to consider cryptocurrencies as the origin of reserves in assessments of the risk of mortgage loan to one family, without converting the coder mentioned to the US dollar.”
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