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New York & Tri-State  + Downtown New York  + Office  | 

KPG Will Accept Digital Payments from Office Tenants

Real estate investment firm KPG Funds said tenants may pay rent in digital currency at its 446 Broadway – L ‘Atelier office property. KPG will begin accepting digital currency rent payments using Signature Bank and Bitstamp as its partners. 

“We believe that cryptocurrency is here to stay,” said KPG CEO Gregory Kraut. “Tenants have started to ask for this payment solution, and we wanted to be able to satisfy their needs. We are now at a point with the technology where there is zero risk of price fluctuation in accepting USDC.”

Kraut continued, “We chose Signature Bank’s Signet network because it allows for 24/7/365 U.S. dollar transactions, allowing us to instantaneously transfer digital currency or hold it. Bitstamp’s low transaction costs, high security and insurance made them a great fit as our exchange partner.”


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).