
Title: Crypto News: Christie’s Enters the Crypto Real Estate Game with $1B Property Portfolio
Christie’s International Real Estate has made a significant move by launching a new division that focuses on digital currencies. This innovative approach will allow buyers and sellers to use cryptocurrency without the need for traditional banking systems. The newly established unit, led by Aaron Kirman, CEO of Christie’s Southern California, manages an impressive portfolio of $1 billion in crypto-listed properties.
The real estate network is set to expand its offerings in the crypto real estate market, which previously involved the sale of a luxurious Beverly Hills mansion for $65 million. The decision aligns with recent regulatory developments from the US Federal Housing Finance Agency (FHFA), which has directed Fannie Mae and Freddie Mac to explore treating cryptocurrency as a reserve asset in risk assessment for mortgages.
Notably, some exclusive properties listed for bitcoin include a stunning La Fin mansion in Bel Air worth $118 million, the unique Invisible House in Joshua Tree valued at $18 million, and a luxurious Nightingale property in Beverly Hills priced at $63 million.
Source: coinpedia.org