Leveraging Crypto Assets to Acquire Cayman Islands Properties
Crypto lender Ledn has partnered with crypto real estate broker Parallel to offer investors the opportunity to finance and acquire properties in the Cayman Islands using their digital assets. This collaboration enables crypto users to secure a “Golden Visa” and permanent residency in the British Overseas Territory without having to sell their cryptocurrency. Here are the key points:
– Ledn loans allow users to leverage their bitcoin for property purchases through Parallel.
– The loans start with a 50% loan-to-value ratio and an annual interest rate of 12.9%.
– Ledn and Parallel are regulated by the Cayman Islands Monetary Authority (CIMA).
– The Cayman Islands’ attractive features include no restrictions on foreign ownership and no property, capital gains, or inheritance taxes.
– Parallel has already facilitated property purchases worth up to $12 million using cryptocurrency.
Surviving the Crypto Credit Crisis
Ledn’s success in navigating the crypto credit crisis is attributed to its risk management program and prioritization of client asset safety. The company believes the crypto lending industry can rebuild confidence by making three key changes:
– Adopting more prudent risk management policies.
– Improving communication and disclosures to clients.
– Developing better products that give clients more control.
Ledn’s approach of diversifying partnerships and prioritizing client asset protection has helped it thrive in a challenging market. Ledn generates yield through its lending desk and customer-to-customer lending.
Hot Take:
By enabling investors to leverage their crypto assets for property purchases in the Cayman Islands, Ledn and Parallel have opened up new opportunities for crypto users to secure permanent residency. This partnership showcases the regulatory framework in place in the Cayman Islands to support the responsible development of the crypto industry. The ability to hold onto cryptocurrency while acquiring high-value properties is a game-changer for crypto natives looking to invest in real estate.
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