Top Crypto & Luxury Property News
Our research division is back with another edition of cryptoasset news for you. This week, we’re covering Coinbase’s international expansion, BRC-20 tokens, and a new onramp feature from Stripe to make digital currency purchases faster and easier.
We’re also delivering another round of updates from the luxury real estate realm. Our team works closely with top firms, and we are delighted to bring you the latest updates on luxury listings and investments. Updates from the past seven days include new luxury branded residences in Marbella and a significant development investment in the Dubai hospitality sector. Former US first lady Jackie O’s childhood residence is also for sale in the Hamptons.
Coinbase Explores a Potential New Home Base
Coinbase is on the move. Decrypt reports CEO Brian Armstrong praised the UAE’s regulatory approach after visiting the country last week. He admires the UAE’s “forward-thinking” approach to regulation, especially compared to the United States’ recent crackdown. Dubai and Abu Dhabi have been especially active in the crypotasset space. The country recently launched a CBDC, and its government is known for encouraging technology adoption. The UAE is the latest stop in Armstrong’s world tour following the launch of Coinbase International Exchange out of Bermuda last week.
BRC-20 Tokens Take Bitcoin by Storm
BRC-20 Bitcoin tokens have reached an astonishing market cap of more than $1 billion. The new fungible token form employs Ordinals and Inscriptions to “create and manage token contracts, minting, and transfers” stored on the Bitcoin base chain. Wallet providers like BitKeep are preparing to integrate the more than 14,000 BRC-20 tokens deployed on Bitcoin.
Stripe Announces New Fiat-to-Crypto Onramp Solution
The cryptoasset industry lost major fiat-to-crypto options with Silvergate and Signature Bank's collapse. Fintech company Stripe unveiled a potential solution with its new embeddable fiat-to-crypto onramp. It will streamline cryptoasset purchases and tackle the challenge of customers not having digital currency available. With a simple onboarding, the onramp will manage tasks like identity verification and fraud prevention. It’s a positive step toward widespread enterprise adoption.
Luxury Real Estate News
Marbella: Luxury Brands Join the Real Estate World for “Branded Houses”
Luxury brands are expanding beyond the fashion and accessories worlds. Brands including Fendi, Karl Lagerfeld, Ellie Saab, and Dolce & Gabbana have joined the real estate development scene in Marbella, a charming location on the Spanish Costa del Sol. The residences will offer a unique experience for purchasers, with branded architecture and interior design. The Mediterranean coastal destination is increasingly attractive for luxury real estate development.
The Hamptons: Jackie O’s Childhood Home Lists for $55 Million
Hamptons real estate investors have a unique opportunity to “own a piece of American history.” Former first lady Jackie Kennedy Onassis’ childhood home is for sale in East Hampton with a listing price of $55 million. The impressive property boasts a pool, tennis court, and seven acres of land. The home was in the Onassis family for nearly 40 years, speaking to a trend of real estate investors pursuing history and property assets.
UAE: Azizi Developments Joins Dubai Hospitality Sector with $16.3 Billion Investment
Dubai-based real estate developer Azizi Developments has announced a new Dh60 billion ($16.3 billion) investment plan to enter the hospitality sector. The investment will launch 50 luxury hotels and one seven-star hotel, adding nearly 20,000 new keys to Dubai’s growing hotel sector. It is part of a country-wide strategy to increase the destination’s standing as a global luxury tourist hub.
European Web3 Summit 2023
Our COO Marc Taverner will speak at the European Web3 Summit 2023 in Brussels on May 23-24. He’ll be discussing Switzerland, the EU, and all things MiCA - joining the stage with other cryptoasset policymakers and industry leaders.
The XEROF team will be in full force at European events over the next few weeks, including in our home base country, Switzerland. We’d love to connect with you at the Crypto Valley Conference in Zug on June 1-2.
If you wish to schedule a meeting with us at the event, please do not hesitate to contact us.
XEROF is a Swiss-licensed Crypto Gateway that offers exchange services for customers who possess crypto wallets and want to use them as fiat currency to purchase real estate properties and luxury goods.Learn more about XEROF