Open House Group, a leading Japanese real estate firm listed on the Tokyo Stock Exchange (Code: 3288), has announced that it will begin accepting cryptocurrency payments for property purchases. This initiative aims to streamline transactions for international clients investing in Japanese real estate. Initially, the company will support Bitcoin and Ethereum, with plans to expand its digital currency options in the future.
By integrating cryptocurrency payments, Open House Group enhances its comprehensive suite of services, which includes property search, acquisition, management, and sales consultation. The company operates primarily in major urban centers like Tokyo, Nagoya, Osaka, and Fukuoka, offering a diverse portfolio that ranges from single-family homes and condominiums to investment properties such as studios and office buildings.
Services and Business Model
Open House Group adopts an integrated business model that covers every aspect of real estate—from development and construction to sales and management. This allows the company to provide end-to-end solutions for both domestic and international clients. Additionally, the firm manages resort properties and real estate assets in the United States, further broadening its service scope.
The adoption of cryptocurrency is a strategic move aligned with Open House Group’s forward-looking approach. Since 2022, the company has sponsored the Bitcoin Lightning Network research community, exploring practical applications of blockchain technology in real estate transactions. The project lead, Mr. Nishimura, has been involved in cryptocurrency and blockchain initiatives since 2015, including collaborations with financial institutions and digital currency exchanges in Japan.
Why Cryptocurrency?
Cryptocurrency, particularly Bitcoin, has seen significant adoption in recent years. In 2024, the Bitcoin network recorded transactions worth over $19 trillion, a substantial increase from $8.7 trillion in 2023. The approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) in 2024 also facilitated institutional investment, driving broader acceptance.
For international real estate transactions, cryptocurrencies offer advantages such as faster cross-border payments, reduced transaction fees, and enhanced transparency. Open House Group aims to leverage these benefits to improve customer experience, especially in areas like micropayments and international transfers.
The company is also researching applications for smart contracts and other blockchain-based solutions to automate and secure real estate processes. 👉 Explore more strategies for international real estate investing
What Properties Are Eligible?
Initially, cryptocurrency payments will be accepted for income-generating properties, such as rental apartments and commercial spaces. Other property types will be introduced based on client demand and regulatory feasibility.
All contractual agreements and legal disclosures will be provided in Japanese, in compliance with local regulations. Clients are responsible for understanding their home country’s laws and tax obligations related to cryptocurrency usage.
Frequently Asked Questions
What cryptocurrencies are accepted?
Open House Group currently accepts Bitcoin and Ethereum. Additional cryptocurrencies may be supported in the future as the system evolves.
Are there any restrictions on property types?
At launch, the service is available for investment properties. Residential properties may be included later, depending on market demand and regulatory clarity.
How does cryptocurrency payment work?
Transactions are conducted via a secure blockchain network. Clients receive instructions for transferring cryptocurrency upon finalizing a purchase agreement.
What are the tax implications?
Clients are responsible for complying with tax regulations in their jurisdiction. Cryptocurrency transactions may be subject to capital gains tax or other financial reporting requirements.
Is this service available to international buyers only?
While aimed at global clients, the service is also available to domestic buyers who prefer using cryptocurrency for transactions.
How does Open House Group ensure security?
The company employs advanced encryption and blockchain technology to safeguard transactions and client data.
Future Outlook
Open House Group’s move into cryptocurrency payments reflects a growing trend toward digital asset adoption in real estate. By embracing innovation, the company positions itself as a forward-thinking leader in the industry, offering clients more flexibility and convenience.
For further details, visit the official Open House Group website. Note that the service is subject to local laws and regulations, and clients are advised to seek independent legal and financial advice.