Step-by-Step Closing Workflow
- Verify buyer identity and wallet ownership.
- Confirm available assets and generate proof of funds.
- Execute offer and contract.
- Determine final fiat amount needed for closing.
- Buyer sends cryptocurrency or prepares direct settlement.
- Cryptocurrency is converted to fiat if using crypto-to-fiat funding.
- Fiat is wired to escrow or title company.
- Escrow completes settlement and title transfer.
- Seller receives proceeds and closing is finalized.
What the Seller Actually Receives - In direct crypto settlement, the seller may receive cryptocurrency under the transaction terms.
- In crypto-to-fiat settlement, the seller receives fiat proceeds by wire through ordinary closing disbursement.
- Many sellers prefer fiat because it aligns with normal settlement expectations and existing title and escrow processes.
- What Escrow or Title Actually Receives
- In most current crypto-funded closings, escrow or title receives fiat wire transfers rather than cryptocurrency.
- Direct crypto custody by escrow is uncommon, and many title and escrow systems are designed around conventional disbursement methods.
- For this reason, many transactions use crypto-to-fiat funding even when the original source of funds is digital assets.
Learn more here
https://realopen.com/resources/crypto-real-estate-closing-process
