Escrow Services for Virtual Assets
Our attornies represent clients in connection with structuring the purchase and sale of real estate, yachts, physical art, and other assets in exchange for digital assets, such as Bitcoin, Ethereum, Dogecoin and Stablecoins.
Boutique brokerages often tout their ability to sell real estate with cryptocurrency. However, few buyers realize that with proper handling through qualified intermediaries, any home, car, yacht, or other items can be purchased with cryptocurrency.
Structuring investments in luxury assets requires an understanding of the client’s short-term and long-term goals, and the investment’s integration into the overall holding structure and estate plan.
We offer a turnkey solution for buyers and sellers looking to make major purchases with cryptocurrency, including virtual asset escrow services, thereby eliminating the need to hire another professional.
Our firm will conduct due diligence, negotiate contracts, execute purchase agreements, work with inspectors, and the full spectrum of pre-sale services. We offer an unique service to our esteemed clients who plan to purchase property using Bitcoin and other digital assets. Anyone considering such a transaction will need an attorney who can act as an agent, or intermediary and facilitate the transfer, which involves the conversion of cryptocurrency to USD.
When handled by experts, transactions involving Bitcoin and other digital assets may be structured and closed faster than many all-dollar transactions, especially if a real estate transaction involves a foreign buyer.
Our custody and escrow services allow our clients to make all types of purchases with digital assets, including:
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Real estate
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Automobiles
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Yachts and boats
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Physical art
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When structuring a transaction using digital currency certain factors, such as tax and escrow complications, must be considered, as well as know your client (KYC) and anti-money laundering (AML) checks on the purchaser and his or her digital wallet.
We will conduct such transactions legally, effectively, and swiftly, with no limit to the number of transactions we can handle per day. Our experienced escrow agents will act as a middleman and transmit the converted currency to the seller efficiently. Digital assets may include Bitcoin Ethereum, Dogecoin, and many other digital assets.