Denison Yachting, a U.S.-based yacht brokerage firm, has announced the successful sale of a 41-meter new-build yacht. Constructed by Turkey’s Aegean Yacht (established in 1976), the vessel is scheduled for delivery in 2027 and will be paid for using cryptocurrency.
Key Features of the Yacht
- Construction: Steel and aluminum hull with a military-inspired exterior.
- Design: Coastal villa-style interiors.
- Dimensions: 7.4m beam, 299 GT.
Notable Amenities:
- Open aft deck for two large tenders.
- Sun deck with a central bar and outdoor dining.
- Multipurpose swim platform.
- Full-beam master suite on the main deck.
- Capacity: Accommodates 12 guests and 6 crew members.
Cryptocurrency in Yacht Transactions
Denison Yachting pioneered cryptocurrency acceptance in 2014, becoming the first yacht company to adopt Bitcoin for purchases and leases. Today, the range of accepted cryptocurrencies has expanded beyond Bitcoin.
How It Works
- Buyer Request: The client informs the broker of their intent to pay via cryptocurrency.
- Platform Conversion: The broker liaises with a crypto payment platform to convert the cryptocurrency into fiat currency.
- Fee Structure: The platform charges a small fee for the conversion.
👉 Explore crypto-friendly yacht deals
Industry Trends
Cryptocurrency transactions are gaining traction in the superyacht market:
- 2022: A 40m Benetti yacht sold via cryptocurrency, facilitated by Monaco-based brokerage firm SuperYachtMonaco.
- 2021: Ocean Independence announced acceptance of crypto payments for yacht services.
- NFTs: Some owners now accept non-fungible tokens (NFTs) alongside traditional cryptocurrencies.
Case Study
- 72m Superyacht: Sold in 2021 with a Bitcoin-only payment clause, marking a milestone in crypto-integrated yacht sales.
FAQs
Q: Why are yacht brokers adopting cryptocurrency?
A: Younger, crypto-wealthy buyers are entering the market, and offering crypto payments broadens client reach.
Q: How secure are crypto transactions for yachts?
A: Reputable platforms ensure conversions are auditable, though buyers should verify platform credibility.
Q: Can NFTs be used to buy yachts?
A: Yes—some owners accept NFTs as partial payment, especially for high-value digital art tied to the vessel.
👉 Learn how crypto simplifies yacht purchases
Conclusion
The yachting industry’s embrace of cryptocurrency reflects shifting financial landscapes. For brokers, it’s a competitive edge; for buyers, it’s a flexible, modern payment option. As crypto adoption grows, expect more high-profile yacht sales to follow this trend.
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8. Yacht brokerage