Draft:RealOpen
Submission declined on 12 June 2025 by Gheus (talk).
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| Submission declined on 5 June 2025 by DoubleGrazing (talk). This submission is not adequately supported by reliable sources. Reliable sources are required so that information can be verified. If you need help with referencing, please see Referencing for beginners and Citing sources. This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by DoubleGrazing 8 days ago.
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Comment: A lot of the information is unreferenced. Two of the sources return 404 errors. Three (which in any case only count as one) are WP:FORBESCON. What remains is nowhere near enough to either verify the information or to establish notability per WP:NCORP. DoubleGrazing (talk) 08:57, 5 June 2025 (UTC)
| Industry | Real estate, Cryptocurrency |
|---|---|
| Founded | April 2022 |
| Founders | Christine Quinn, Christian Dumontet |
| Website | realopen.com |
RealOpen is an American technology company that facilitates real estate transactions using cryptocurrency. Founded in April 2022 by Christine Quinn and Christian Dumontet, RealOpen enables property purchases and sales using cryptocurrencies such as Bitcoin, Ethereum, and stablecoins, bridging the gap between digital assets and physical real estate.[1]
History
[edit]RealOpen was launched in April 2022 by Christine Quinn, a former real estate agent and reality television star known for her role on Netflix’s Selling Sunset, and her husband Christian Dumontet, a tech entrepreneur who previously sold his company Foodler to Grubhub.[1] The company was created to address the reluctance of traditional real estate brokerages to adopt cryptocurrency transactions, a factor Quinn cited as her reason for leaving The Oppenheim Group.[2]
In August 2022, RealOpen introduced RealScore, a patent-pending crypto credit scoring system to assess the reliability of crypto-based offers by analyzing the volatility and composition of a buyer’s digital assets.[3][4] By November 2022, Quinn and Dumontet listed their own Los Angeles home for $8 million (395 BTC or 5185 ETH) on the RealOpen platform.[5] The company also promoted listings such as Guns N’ Roses guitarist Slash’s Beverly Hills home.[5]
Services
[edit]RealOpen provides a platform for real estate transactions using cryptocurrency, offering:
- Cryptocurrency Transactions: RealOpen converts the buyer’s cryptocurrency into fiat currency prior to settlement, enabling the transaction to close as a traditional cash sale. All conversions are executed through institutional over-the-counter (OTC) desks, and a short-term price lock is offered at the time of funding to protect against market volatility.[6]
- RealScore: A patent-pending algorithm that evaluates a buyer’s crypto holdings and price volatility to generate a reliability score. This score helps sellers and agents assess the strength of crypto-backed offers and mitigates perceived risk.
- Global Accessibility: Support for both MLS-listed and off-market homes worldwide.
- Legal & Compliance Support: KYC/AML processes managed through institutional partnerships.
The platform also facilitates crypto-funded down payments and closing costs for mortgages and aims to expand into other luxury assets like yachts, cars, and jewelry.
Leadership
[edit]- Christian Dumontet (CEO & Co-Founder): A software engineer and founder of Foodler, one of the earliest companies to accept Bitcoin.
- Christine Quinn (CMO & Co-Founder): A former agent and reality TV personality with significant media reach.
- The executive team also includes Jim Ricotta (advisor), Johnny Schiro (SVP, Business Development), and corporate counsels Julie K. O'Neill, David Rich, and Alan Rosca.
Industry Context
[edit]RealOpen operates in the proptech and fintech sectors. As blockchain adoption in real estate increases, particularly in markets like South Florida and Manhattan, tools like RealScore provide a competitive differentiator. While competitors such as Hoseki and Milo also support crypto-based real estate, RealOpen's marketing leverages Quinn's celebrity status.[2]
Reception
[edit]TechCrunch, dot.LA, and the Daily Business Review noted RealScore’s role in legitimizing crypto-based offers.[1][3][4] BuzzFeed and Yahoo Finance cited Quinn’s celebrity presence as key to RealOpen’s early adoption.[2][7] As of mid-2022, the company had completed nearly a dozen transactions.
Notable Transactions
[edit]- Quinn and Dumontet’s LA Home: Listed in Nov. 2022 for $8M via RealOpen.[5]
- Slash’s Beverly Hills Home: Listed in Aug. 2022 via RealOpen.[5]
- Regalia Penthouse (Miami): $33.9M, listed to crypto buyers.
- First commercial crypto listing in Broward County: $6.11M.
References
[edit]- ^ a b c Ramaswamy, Anita (2022-08-09). "Christine Quinn's brokerage debuts crypto credit scoring platform". TechCrunch. Retrieved 2025-06-05.
- ^ a b c Notopoulos, Katie (2022-05-18). "Christine Quinn Is Leaving The O Group To Go All In On Crypto". BuzzFeed News. Retrieved 2025-06-05.
- ^ a b Shirazi, Hannah (2022-08-09). "Christine Quinn and Husband Launch RealScore, a Crypto Credit Score for Real Estate". dot.LA. Retrieved 2025-06-05.
- ^ a b Staff (2022-08-15). "There's Now a Credit-Scoring Platform for Buying Luxury Real Estate With Crypto". Daily Business Review. Retrieved 2025-06-05.
- ^ a b c d Zemler, Emily (2022-08-23). "Slash's Rockin' California Mansion Just Hit the Market for $8.2 Million". Robb Report. Retrieved 2025-06-05.
- ^ "How RealOpen Works". RealOpen. Retrieved 2025-06-04.
- ^ Akuffo, Rachelle (2022-06-24). "'Selling Sunset' star Christine Quinn on launching her own crypto real estate company". Yahoo Finance. Retrieved 2025-06-05.
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