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uxury real estate is embracing cryptocurrency as a legitimate means of payment. Christie's International Real Estate, a global brokerage with a high-end clientele, has launched a division dedicated to handling digital currency transactions in property deals.

    The move marks a significant shift in the industry, with major mortgage lenders recently instructed to consider crypto assets in home loan applications. This development is expected to meet growing demand for all-crypto real estate transactions, which are becoming increasingly popular among luxury buyers seeking creative financing and anonymity.

    Aaron Kirman, CEO of Christie's affiliate in Los Angeles, is leading the new division. He has handled high-profile listings and predicts that crypto transactions will become more common in real estate over the next few years. Kirman has already closed several high-end deals using cryptocurrency, including a $65 million Beverly Hills home.

    Christie's portfolio of crypto-ready properties is reportedly worth over $1 billion, with some homes accepting offers in digital currency. The trend is expected to gain traction as more Americans invest in cryptocurrency – around 14% of adults own at least some digital assets, according to a recent Gallup poll.

    While big banks are currently excluded from the process, Kirman is in talks with lenders to pave the way for homebuyers who have cryptocurrency but still require financing. This could be a major breakthrough for both the real estate and crypto industries.