Christie’s, a prominent auction house, has launched a dedicated team for facilitating real estate transactions exclusively using cryptocurrency. This move follows several successful sales, including a notable $65 million home in Beverly Hills purchased with Bitcoin. The new team will consist of experts, lawyers, and analysts to assist buyers and sellers who prefer to conduct transactions without involving traditional banks. Notably, this service aims to enhance buyer anonymity, appealing to high-profile individuals who often use companies or trusts to purchase properties. Christie’s currently lists around $1 billion in real estate available for crypto transactions, encompassing a range of multimillion-dollar properties. Furthermore, discussions are underway with banks regarding the acceptance of cryptocurrency for mortgage financing, with predictions that crypto could account for a significant portion of residential real estate deals in the next five years. The Federal Housing Finance Agency is also considering how cryptocurrency could be recognized as a reserve asset in home loan risk assessments.

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