RealOpen, which helps high-net-worth crypto holders purchase luxury real estate, has launched RealScore, the world’s first crypto purchasing power feature. RealScore provides high-end real estate buyers and sellers with a real-time, credible context to evaluate the asset strength behind a specific offer, the company said.
Using the buyer’s cryptocurrency wallet address, patent-pending RealOpen analyzes buyers’ particular mix of crypto assets and ultimately determines their reliable purchasing power — assuring the seller of sufficient available equity with a cryptographic analysis. Factors used to provide a score include the diversity of the basket of coins used to fund the offer, buyer-held cryptocurrency above the offer price and escrow duration. These factors are then translated into a visual RealScore.
“RealScore allows buyers to shop with confidence. Despite well-publicized crypto volatility, RealOpen provides a credible indication that a crypto offer is better than a cash offer,” said Christian Dumontet, RealOpen founder and CEO. “A buyer today may be concerned with placing a crypto offer, given recent volatility, but similar to the way home buyers use other services to evaluate their buying power or mortgage monthly payments, our prospective clients can use their RealScore to get a better idea of what they can afford. Then they can offer and buy with certainty.”
RealOpen launched in April 2022 as the first and only company across the globe focused on accepting cryptocurrency for real estate transactions using its patent-pending technology. Founded by Dumontet and Selling Sunset star and luxury real estate expert Christine Quinn, RealOpen supports buyers in purchasing luxury real estate with crypto assets by validating funds and instantly converting crypto assets into cash at closing. Buyers who use RealOpen can purchase any property, on- or off- market, with cryptocurrency, allowing sellers to receive cash immediately for the transaction. RealOpen accepts any basket of cryptocurrencies including Bitcoin, Ethereum, Solana, stablecoins USDT and USDC, and more.
RealOpen currently has exclusive listings totaling upwards of $200M in volume.
