FTX Expands Into Single-Family Home Real Estate Market

This marks the first time a single-family home development has accepted cryptocurrency in Florida

FTX, a U.S.-regulated cryptocurrency platform, is now the sole platform handling cryptocurrency conversions for residential transactions at AKAI Estates, a collection of 16 signature luxury homes in Southwest Ranches. The partnership with the single-family home developer is a first for FTX.

“FTX continues to grow its presence in the real estate industry in Florida, we couldn’t think of a more ideal time to work with such a prestigious cryptocurrency exchange platform,” Alex Yokana says, Developer of AKAI Estates. “We foresee this partnership with FTX bringing increased demand and expanding our demographic of buyers.”

The private enclave of AKAI Estates is conceptually designed by internationally acclaimed architect Vasco Vieira, founder and head architect of Portugal-based firm Vasco Vieira Arquitectos. The local architect for AKAI Estates is Florida-based firm FSMY Architect Planner. Open floor plans range from 7,000 to 15,000 square feet and beyond. The properties combine chic, cutting-edge amenities, ultra-modern styling, the security of a fully gated community and the privacy of two acres of property with each residence. Each estate includes an aquatic entertainment area and is highly customizable with the ability to add on features including putting greens, tennis/pickle-ball courts, or even a basketball court. Prices at AKAI Estates start at $8 million.

“Alongside FTX, cryptocurrency’s presence in the real estate industry only continues to grow and this is just the latest development in that process,” Avi Dabir says, Vice President of Business Development at FTX US. “We are excited to add our first luxury single-family development to our roster of partners and increase consumer access to digital assets and digital asset-related services. At FTX, we believe that crypto has a big role in the future of finance and strive to do our part to make this future come to fruition.”

SFBW Staff
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