Private Equity Fund Offers Citizenship Through Bitcoin Investments ☀️
A new private equity fund is providing an opportunity for overseas investors to acquire Portuguese and European Union citizenship by indirectly investing in Bitcoin. This innovative project is the brainchild of the fund’s co-founder and CEO, offering a unique pathway to citizenship through digital assets.
Exploring the Golden Visa Program 🌟
- Unbound Fund introduces itself as the first “Web3 fund” participating in Portugal’s golden visa program.
- This program enables foreigners to gain residency status and EU citizenship by investing a minimum of €500,000 in local companies or assets without residing in the country.
Addressing Concerns and Criticisms 🧐
- Golden visa programs gained popularity during the pandemic but have been associated with security and money laundering concerns.
- These programs have also faced criticism for driving up housing prices.
Compliance and Investment Strategy 🛡️
- Participating funds are required to maintain at least 60% of their portfolios in Portuguese companies.
- To adhere to this requirement, Unbound Fund will transfer investments to domestic “special purpose vehicles” (SPVs) under the joint supervision of fund manager Green One Capital and fund advisor Unbound Capital.
Regulatory Approach and Investment Methodology 💼
- Unbound Fund opts to purchase Bitcoin ETF shares through BlackRock instead of directly acquiring and holding BTC.
- This decision is influenced by factors such as security and simplicity, given the regulatory requirements associated with golden visa funds.
Legal Framework and Operational Oversight 🏛️
- Unbound Fund registered as a private equity fund with the Portuguese Securities Market Commission (CMVM).
- Despite being classified as “authorized” in the CMVM’s online database, the fund is currently listed as inactive.
Future Prospects and Possibilities 🚀
- Unbound Fund aims to attract interest from crypto investors, showcasing the broader potential of digital assets in facilitating global mobility and citizenship acquisition.
Hot Take: Navigating the Path to Citizenship Through Crypto Investments 🌐
Embarking on a journey towards citizenship through innovative investment avenues like Bitcoin showcases the evolving landscape of digital assets in reshaping traditional pathways to residency and nationality. The intersection of finance and citizenship offers a glimpse into the future of borderless opportunities powered by blockchain and global connectivity. Are you ready to explore new horizons through digital investments?
By
By
By